Forum Home
PC World Chat
Thread ID: 132780	2013-05-21 23:26:00	WHy the huge public misconception about taxes?	Mirddes (10)	PC World Chat

Post ID	Timestamp	Content	User
1342491	2013-05-21 23:26:00	without any documentation the public is willing to believe that TAX=REVENUE surely this cannot be the case, the numbers do not add up. surely it is much more obvious that tax goes to pay for interest on HUGE loan from IMF/WORLDBANK and that BUDGET maintains HUGE DEBT irrespective of taxation. tax=profit	Mirddes (10)
1342492	2013-05-21 23:29:00	Tax = Revenue, that is correct. A loan merely gives you extra short term money, but reduces your longer term revenue. The price you pay for cashing in some future revenue to get some short term money = the interest you pay	Nick G (16709)
1342493	2013-05-22 00:01:00	As much as we hate taxes they are a rather essential part of day to day life. Without them we'd be royally f***** What I don't like is when I think the taxes I am paying are misappropriated or abused. Certain able bodied people on the dole for one, and spending where I don't believe it's neccesary (Transmission gulley is one) As far as education goes, there are a few students here getting the Student allowance (different from a Student Loan, the loan you pay back, the allowance is "free" money) when they have able bodied parents who are together. Somehow ripping off the system. Whereas I'm here with parents in two different countries getting by with odd work looking for a job. Nothing against how I'm living, I'll work hard to get where I need to be but there are people who are in a worse of situation who deserve the money more than certain people who are getting it and living the easy life	The Error Guy (14052)
1342494	2013-05-22 00:24:00	you do realise its all just bits in a computer right? the numbers can be anything.	Mirddes (10)
1342495	2013-05-23 10:15:00	The Govt, as the receiver of all tax, acts with that money on behalf of the rest of the country, hence the reason why tax is in place. So instead of a small unitary local body group that chooses how to spend money, we have a larger unitary national body (no pun intended) to choose how money is spent. Healthcare, Education, Infrastructure, etc. However some people don't look at the benefits of tax, and see it only as a pain in the wallet. Higher Tax Percentage=Better services provided by Govt. Take Sweden. Tax is roughly 57.77% on average. That is Income Tax. That seems like a hefty amount, with the smallest amount of Income Tax Payable is 54%. That was Nov 2010, so a bit outdated. Anyways, Swedes enjoy a better and cheaper healthcare, have better infrastructure, and one of the worlds best education systems. All because the Govt has money to splash about it spend; meaning that the Populations/people of Sweden pay very little for expenses, such as healthcare, public transpory NZ goes the other way. The highest registered tax rate in NZ roughly 33% or something like that. But our public services are not up to scratch. Not only do we have to fork out money to use those public services, we also end up paying for them through our tax, and also subsequently, receive a lower quality of service, while paying twice. Public Transport prices keep going up, healthcare is up, education funding is getting less of a budget, yet there are more expenses, the list goes on. Better to pay it once largely and get a good service, rather than twice on a smaller scale for a not so good service.	SanChippy (16951)
1342496	2013-05-23 12:34:00	just wondering if anyone has absolute values on yearly tax collections vs expenditures and overall debt. i understand virtually all countries with a central bank are in huge debt and this isn't going to change any time soon. i don't want GPD% values; approximate absolute values are as real as this fiat money can get. if expenditures exceed collected tax by a substantial amount how does the public lie hold up?	Mirddes (10)
1