Post
Topic
Board Economics
Re: High taxes killing economy it's problem
by
Emeraldo
on 02/01/2025, 20:31:51 UTC
High taxes have been one of the major problems of many countries, trying to make money from different companies and individual workers taxing them more that they should have done. this has been a problem increasing inflation rate dur to high taxation which has contributed to the high price of goods and services.
Due to the high taxes paid by companies to government,most times they have to cut down salaries of workers and also increases the price of their commodities, which indirectly increases inflation.
Maybe if the government can keep an eye on this,it could help in reducing the prices of products making them affordable and not killing the economy.