"Tax Avoidance"

The tax avoidance rules are there to be used, they were created deliberately obtuse to make it very difficult for ordinary people to use effectively. They were created so that the wealthy elite or establishment could minimise their tax obligations, especially useful when you realise that 50 years ago high rate tax payers were paying something like 80% or 90% in tax. A lot of those high rate tax payers were in positions that allowed them to influence the tax rules for their benefit. Nowadays of course income tax is much lower but when you consider the cost of VAT and inflationary erosion of money, it's probably just as high as its always been.

As a self employed person I have always tried to minimise the tax I pay, as all self employed persons should and actually do; a person goes into business to make money, not to give it to the government. Consider that 8 out of 10 businesses fail and it's always a high risk endeavour to be self employed. Therefore, it's fair that such people are given some leeway when it comes to tax.

The main tax revenues are collected from employees, simply because of their sheer numbers. Employees usually have no direct control over their tax obligations as it is managed by their employer according to strict government guidelines and rules. Employees are usually pissed off that their employers make more money than them or that they pay too much in tax, but without employers or business people there could not be any employees because it's they that create the jobs in the first place.

It's a trade off; find a job, work, earn a wage pay the (punitive) tax. You won't get rich but it's relatively secure and risk free. Remember that the employer had to jump through a considerable number of hoops to make that job available for you and the whole of the time that you have your secure job, the employer is always at risk of going under from any of a myriad financial reasons. If he can ease his cash flow by avoiding tax then he should. It is his prerogative.
 
Those poor hard done by millonairs, how dare society expect something back from them, wow is them: rollseyes:
 
Wesley Snipes tried tax avoidance in the wrong way and he will spend the next 3 years in a federal prison in Pennsylvania....
 
Wesley Snipes tried tax avoidance in the wrong way and he will spend the next 3 years in a federal prison in Pennsylvania....

Yes, his accountants apparently failed to notice 37 millions in earnings; well, it's just a trifling little number isn't it? Anyone could have missed it.:rolleyes:
 
Those poor hard done by millonairs, how dare society expect something back from them, wow is them: rollseyes:

People that are cash rich actually generate wealth. They buy things with their cash, they invest in stocks (businesses that provide employment) with their cash, they put their cash into banks (that lend to ordinary Joe). It's the bankers in collusion with certain elements in governments that fucked society up by lending too much to the masses knowing full well they could never afford to pay it back. The masses borrowed it because they wanted to buy houses, cars and i-phones in order to feel wealthy but real wealth is never borrowed it's earned by hard work, intelligence, talent and relentless ambition. Millionaires rule; what's stopping you?
 
Those poor hard done by millonairs, how dare society expect something back from them, wow is them: rollseyes:

In the US, the wealthiest 1% of the population pays 20% of the taxes. The wealthiest 20% pay 55% (ish) of the taxes.

I suspect these numbers are much different in Europe and Australia.

How much should society expect?
 
In the US, the wealthiest 1% of the population pays 20% of the taxes. The wealthiest 20% pay 55% (ish) of the taxes. I suspect these numbers are much different in Europe and Australia.
I don't know about Australia, but upper-bracket tax rates are so high in Europe that many of their most productive people have migrated to the USA, which from their perspective (don't laugh) is a tax haven.
 
People protest when they see something that they think is unfair to them, whether it's legal or not.

They all want "the rich" to pay the bulk of the taxes, but they already do: In the USA, the one percent of the population with the highest income pay 40% of federal taxes; the top fifty percent pay 97% of all taxes.

The true moguls who run corporations are taxed twice: The corporation itself pays corporate income tax on its net profits, and then when that income cascades down to the major stockholders in the form of dividends or profits on stock sales, they pay personal income tax on it all over again.

By historical world standards, there really isn't too much to complain about in the USA, at least regarding prosperity. The vast majority of people here who are poor enough to qualify for government assistance nonetheless have a roof over their heads that doesn't leak, clothing suitable for any weather or any event short of a formal ball, indoor plumbing, central heating, a kitchen with a stove, refrigerator, garbage disposal and microwave oven, adequate nutrition augmented by junk and convenience foods, a color TV, a cell phone... and (unless they live in one of the few American cities where they can get along entirely with public transportation) a reasonably safe and dependable automobile!
god people are still using that tired old taxed twice bs. it lacks intelligence and any sort of rationality. its just a fairy tale that was made up to push the tax burden on those least able to afford it.
 
I don't know about Australia, but upper-bracket tax rates are so high in Europe that many of their most productive people have migrated to the USA, which from their perspective (don't laugh) is a tax haven.

your conflating income with producativity which is not the case
 
your conflating income with producativity which is not the case

Yep, when the study was done on proctivity in the UK the top 1%? 5%? Whatever LOWERED productive where as the teachers ect who get paid squat produce 10* there salery
 
Yep, when the study was done on proctivity in the UK the top 1%? 5%? Whatever LOWERED productive where as the teachers ect who get paid squat produce 10* there salery

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your conflating income with productivity which is not the case
I'm specifically talking about productivity. Artists, musicians, film directors, creative people who are paid for what they create rather than for inventing new types of financial derivatives and marketing them through three levels. People who manipulate surplus wealth or "capital" can't relocate to another country as easily as those create it.
 
I don't know where the study is, you go through all the old threads here and find it
Anyway it was a British study on the value for the economy of relitive jobs.
 
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