Quote from: YOSHIE on December 31, 2024, 11:23:20 AM

Quote from: Squaremile777 on December 31, 2024, 09:47:45 AM

High taxes killing economy it's problem

Taxes do not kill the economy, what kills the economy to develop in society are those who hold tax funds for corruption, in essence the economy dies because of the corruption of their rich families, not the community, the rule is that if taxes are really managed well and in a trustworthy manner, I am sure that the community's economy will develop well, as will the infrastructure.

Basically, taxes are from the people for the people, in fact they increase the people's economy, which kills the economy of those who hold them, There are thousands of cases in this world and on average the most corrupt countries are tax funds. Therefore, if the government is fair in terms of taxes for its people, of course the economy will increase sharply, provided there is no corruption.

Well said!

This is actually the main reason on why a certain economy would really be facing up some issues and not into the tax itself but rather into those who do get a hold of it. Taxes might be differ on % on each country but it will really be having that the same usage or utility on which it would be used on economic development. I did make out some search about tax rates and the rankings and i have seen on here: https://tradingeconomics.com/country-list/personal-income-tax-rate on which we can say that there are various countries which does have that ridiculous high taxation but you can actually see these as first tier countries on which this might really be that reflected out. In personal point of view then high taxes will really be having that kind of hurting specially if you are just that average wage earner. Big deductions will be imposed on which it will affect overall survivability when it comes into this aspect.

Just like on what been said above that everything will really be basing up on how a certain government will really be doing on handling out these taxes. If its really that used on the proper way or the right thing then we would be seeing that progress on which this will be creating more infrustrature and other areas on which it will bring out ore job opportunities and other correlated aspects on which resulted because of that good governance and handling out these taxes amounts. If we do compared out into those countries which are known to be corrupted then expect that these money will be misused or will be that not maximized out but rather going inside into their own pockets.