Quote from: Fortify on May 14, 2024, 08:44:55 PM

Quote from: Findingnemo on May 03, 2024, 02:20:12 AM

Have you ever thought about this, what we are trying to achieve in our personal financial life is completely diverge from what the government expects their citizens to do.

We as Individuals always thrive to achieve financial independence in our lives especially someone who is from the average middle person but what the government expects from the middle class is different and is kind of surprising when we give deep thought about it, The Government highly relies on the middle-class tax payers for the money and most of the taxes collected in the form of indirect taxes so that people may not actually aware that they are paying taxes for everything from their salary, fuel, medicine, anything everything has taxes that eat most our earnings.

So as a result we are paying from 10% to over 50% of our earnings just in the form of taxes in one or another way. So one who really wants to achieve financial independence should find a way to reduce their tax pay legally like how the businessmen do.

Or like the bald guy says, we need to find a way to exit the Matrix. Cheesy

That is such a strange way to look at the government, like they are your opposite or your enemy. I don't think politicians are perfect by any means, however in many countries the government offers lots of services that become much cheaper when the collective population pool resources. You talk about taxes as if nobody should ever contribute to anything, yet they allow your country to remain free with an army, it pays for the police force or fire services which often keeps people safe and the upkeep of vast amounts of infrastructure to keep people moving. It's obvious that very few people will actually reach financial independence, at least until they finally reach retirement and hopefully have been saving enough through their lifetime.

I think the taxation these days have become a major source of revenue for the government like the way it is in my country. For sure everyone has to find cheaper ways to fulfil their tax quota because taxes help in nation building and that's what the government uses to develop infrastructures and industries that provides a source of livelihood to the masses.

The reality of the rat race is what we should be aware of in any work situation we are faced with and thus find a way to get out of it.
Regulations and regulatory bodies are growing everyday in almost every aspect of the economy that is a means of income and it goes to show that one's true financial goal should be to become economically independent, and this entails investment in areas or ideas that has the potential of bringing steady returns and has little tax quotient attached to it.