Why We Should Celebrate Not Paying Taxes

in HODL2 months ago

Hey Jesstax collectors

As the saying goes, the things you cannot avoid are death and taxes, and that is true, no one using fiat can avoid taxes, it's on every purchase you make. However, some taxes are just downright unnecessary, if not all of them, but the one we all have a problem with has to be income tax.

Trumps latest spat about his tax returns got me thinking, why is a tax on income so polarising. Why do we want to vilify those who pay fewer taxes as if its some noble thing to give your purchasing power to the government.

Income tax effectively says I don't know what to do with my money that will benefit society, so I'm going to give it to an institution that is hopelessly inefficient to waste it pretending to help society.

We've been indoctrinated to believe that tax is a civic duty, that it is responsible for all the civil services we enjoy today from roads to bridges. When it's really only peoples productive capacity that built it, not your taxes, taxes are a ploy to have you believe that only through government would these services be rendered.

Tax loopholes

I wouldn't say I like the term tax loopholes, its more incentives, some of them good some of them bad, regardless of what you think of the tax structure these loopholes are meant to be used.

Businesspeople around the world use these to their advantage to retain more of what they've earned through each financial year. At the same time, the rest of us look at our money and go okay I accept I'm going to lose a percentage of it to the government because I don't want the admin loopholes to avoid it.

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Paying fewer taxes is good for society

The fewer taxes people pay, the more money sits in local economies to be spent by people on other peoples productive capacity. It helps create robust micro-economies that become self-regulating and self-sustaining, which is why taxes are great for politics. If you can keep people poor, they'll always be dependant on you.

When you pay less tax you can spend it in ways that benefit you and the person receiving it will pass it on; it will allow people to service debt, begin saving, drive down the reliance on state income, improve GDP and lift people out of poverty.

Paying fewer taxes should not be vilified, the knowledge should be shared on how to do it, to create abundance and give people back what they worked hard to acquire.

Defund the government

Apart from moving your money into a stateless currency, paying fewer taxes is also a way to defund the government. If you don't like the way they do things, you should take it upon yourself to learn to pay less tax and stop supporting sending your money to things you disagree with, you may be voting for the other guy, but at the end, your money is voting for something else.

Have your say

What do you good people of HIVE think?

So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."

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First!!! I dont know what Jesstax collectors are xD

Paying fewer taxes is good for society

I can't agree on that. Living in Denmark where I pay a minimum of 38% in income tax and this society doesn't run badly. It could always be optimized, but its not bad.
I also get healthcare through the taxes and we have a savings net for people getting unemployed for sometime. Which is good :D

FIGHT ME!

But that’s a living standard and survivor ship bias I mean ask Elon musk or Jeff Bozes or any of the millionaire who own 74% of Americans wealth if it’s shit I’m sure they’ll paint a pretty picture

But like I said to the Swedish guy if you as a community want to pay taxes and feel it’s the most efficient and give up the unrealized gains of freeing up capital for private use by all means Thays your right but it shouldn’t be a once size fits all forced upon you it should be willing participants

If you feel that strongly why don’t all Danes just give 100% of their earnings to tax and Let the government provide all services 😛

Not sure what the first part meant xD

Nono, it shouldn't be a one size fits all :D

If we paid 100% in taxes how would be live? :P

Paying 38% is fine for me xD
It makes the country run better than the shithole country America is xD

Ok um let me try a diffent way if the government uses $1 000 000 in taxes to create 10 jobs we applaud them even when that same million could used to create a 100 jobs, drive deflation, more competition; cheaper prices and more broad based abundance! It’s a loss we can’t see because we stick in our ways

Like why did we get cars if a horse and cart did the job only slower and more expensive?

100% tax and the government would give you free everything food, clothing, home, all you pay for now would be free would you do it? Lol I’m jusy being extreme

The 38% is this a flat tax? Here it’s 45% and they steal most of it

Would the 100% also pay for vacations? And do we talk designer clothes or not? I know, its fun :P

Well. 38% is a flat tax on what people in my income bracket is taxed, but you gotta add something called "labor market contributions" and I am honestly not sure what that does haha xD (I could just google it)

There is also a Church tax, which you can opt out of if you want and I have done that xD

The biggest tax bracket you can be in, well tax you 52,06% xD

Its a bit complex and weird what taxes do what.
So if you are really really into it, you can read it here https://skat.dk/skat.aspx?oid=2244282 :D - Its in English.

Defund the corporate government's 👍

Their incompetence and inefficiencies have cost us trillions and pushed so many people to the brink yet no one thinks less government is the right answer I don't get it. Too many people thinking a handout and free stuff is better than taking responsibility for your own money

Indeed they have ruined their countries while making out they are doing a great job 🙄

Ah I don't know anybody who doesn't hate paying taxes lol

So why do we do it? if no one likes it, makes no sense to me!

It doesn't make any sense to me either. Ironic isn't it

Paying fewer taxes is actually good, but then at one time or the other we unknowningly pay taxes and this can be annoying. In Nigeria here we pay about 30% tax on service and purchase and even network providers. So while we're not paying direct taxes we're being ripped off each day because buying is definitely a compulsion

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Exaclty if you paying income tax, vat, import tax, capital gains tax and then still getting nailed by inflation then there is no place to hide. Then they might as well take over 50% of your money which can be the case for some people and that number is growing which is scary.

Everything is being pushed to the brink and yet no one is saying roll back, do less, and it might be better then trying to do more

At the end we're as powerless in the hands of government and organisations that controls everything.

Totally I do feel powerless, at this point I feel like stacking BTC is the only thing I have to prepare for whatever happens it seems like the only thing they have yet to get their fingers in

I will be silince today. Because I will win all kinds of lists if we taking about taxes.
Minimining / The Tax-Sweed

Lol well I'm not saying all countries should be the same, if the people are happy to pay the tax to get x and y then by all means they should, if the system works for them. Here in South Africa, it doesn't work most of the money is stolen and never sees the light of day, so what is the point? Why give the drug addict more money?

We just throwing money into a hole by paying tax

I can agree with that. I can happily pay my taxes as long as I have it so good economic that I have and get services in society. Sweden is a rich country with extremly low poor people. Maybe to less if I can say so.

TODAYS BEST
I did get work again. 10 new articles about crypto. About 100 USD for each. Yippeeii
No onw has order a article about !BEER yet - but that will come some day

Of course it is affilites but anyway - thats fun.

Here they steal atleast 30> of the tax base and that’s me being generous! It’s probably far more than that and then you’ll see they leave the country and live in Dubai afterwards

Oh that’s a nice order I’ve never got more than $60 an order! Is it because Swedish content is rare so people pay more?

You have to remember that everything is more expensive here. A 100 USD order will give me 50 USD to pay food for. If I go to McDonalds I pay 7,5 USD for a meal.
So it is diffucult to compare.
But I try to stick to big costumers - not small ones.

Wow, that's insane so you paying 50% tax and double the price for the product, a regular Mcdonalds meal here is around $2.24. I could NEVER afford to live in Sweden lol cancel that idea I'm too poor for your country

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