Do you pay tax.
- Thread starter SeoNuuby
- Start date
Dark Knight
Power Member
- Nov 15, 2009
- 752
- 1,245
I paid 43% 
I am so tired of paying taxes. There is so many taxes to pay like self employed, fed, state, city, mta, etc wtf.
And when you buy something you gotta pay taxes for that as well, in the end i calculated i paid more than 50% sucksssssssssssssssssssssssssssssssssssssssssssss
I am so tired of paying taxes. There is so many taxes to pay like self employed, fed, state, city, mta, etc wtf. And when you buy something you gotta pay taxes for that as well, in the end i calculated i paid more than 50%
sucksssssssssssssssssssssssssssssssssssssssssssss
Roparadise
BANNED
- May 25, 2011
- 784
- 1,422
But if you have a clear business plan,and are pretty sure that you will be making alot more with the savings,then its better imho to incorporate in somewhere like dubai or bulgaria instead of waiting when the company makes alot.
Roparadise
BANNED
- May 25, 2011
- 784
- 1,422
The good banks don't take americans and the ones that do now report them to the irs.
Haspel
Power Member
- Oct 7, 2008
- 646
- 995
Started paying tax on my income 2 years ago before that I used a few schemes to evade paying but as my income grows it seems impossible to avoid it last year alone I had to pay about 25k in corporate tax which is 10% here but on the positive side I can at least take bank loans now since I can prove my income.
If you receive money into a bank account in your country and don't pay tax then you are treading a fine line. There is irrefutable proof you have received income and wilfully neglected to pay taxes on it. Foolish.
Personally, I wish I had a "cash in hand" job so I could avoid paying income taxes.
We already pay taxes on everything else. It's such a con. You work a job and you must pay taxes on your income. With what's left, you must pay the local council. With what's left, you must purchase essentials, many of which have VAT on them. With what's left you can either save or spend the rest and either way you must pay tax on both those activities.
In the western world, tax = theft.
Hong Kong has the best: 15% tax rate, effectively no tax on overseas earnings. No sales taxes. Second highest longevity in the world and the people are happy. Fuck Western governments.
Personally, I wish I had a "cash in hand" job so I could avoid paying income taxes.
We already pay taxes on everything else. It's such a con. You work a job and you must pay taxes on your income. With what's left, you must pay the local council. With what's left, you must purchase essentials, many of which have VAT on them. With what's left you can either save or spend the rest and either way you must pay tax on both those activities.
In the western world, tax = theft.
Hong Kong has the best: 15% tax rate, effectively no tax on overseas earnings. No sales taxes. Second highest longevity in the world and the people are happy. Fuck Western governments.
Roparadise
BANNED
- May 25, 2011
- 784
- 1,422
Bulgaria is a EU country and has 10% tax rate which is good for nsfw businesses and dubai has 0% for first 50 years,great for sfw businesses.
Haspel
Power Member
- Oct 7, 2008
- 646
- 995
Yea but here we have 25% sales tax and an extra 5% dividend tax depending on how your company is structured which doesn't make that 10% flat tax rate sounds that lucrative for many businesses.
jazzc
Elite Member
- Jan 27, 2009
- 2,964
- 14,717
Haspel
Power Member
- Oct 7, 2008
- 646
- 995
No VAT when selling outside EU
I was talking from a buyers point sure the tax rate is 10% but you are paying an extra 25% on everything you buy while in the hong kong example you are only paying the 15%
I paid 43%
And when you buy something you gotta pay taxes for that as well, in the end i calculated i paid more than 50%
The sad thing is it'll keep going, now Obama has another 4 years. it's game on for him! I mean lets be real here while you have a socialist running the country the debt will never paid off.
What tax did you pay on that?
Unless your business is flipping sites, selling assets does not incur income tax, its capital gains tax. And in many countries the minimum until you incur tax is quite large.
Hahaha, your wet dreams :/
Roparadise
BANNED
- May 25, 2011
- 784
- 1,422
1. Its not everything you buy will be 25% there are reduced items for many different things.
2. You wont be spending all your money buying things.