- Mar 22, 2013
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The only taxes that are usually paid by "everyone" are sales taxes or VAT in some places. But I would argue that this is still a tax that is in reality paid by the company, even though it is "charged" to the consumer.
Most 1st world tax regimes I ever looked into have completely untaxable income up to a certain level. Could be 5k, 10k ,15k, 20k a year, depends on the country. If you know any that really starts taxing your income at first $, post those countries names, I would love to see who does this. When I say untaxable income, I am talking about personal income, all insurances excluded.
Serbia has no untaxable income. There was a lot of talk about it a few months ago. There you go, you got yourself a name