Pun Ye Tax!

Dec 25, 13 • Everyday, POV, THIS!No CommentsRead More »

Whether you like it or not, you have to pay your taxes! As if you have a choice!

Today, like most days in my life when I receive my income (regular and/or additional); I always feel a little of that uncomfortable “kurot” inside of me when I look at the breakdown of my gross to net pay. I know so well too that I should be more thankful for the blessing rather than focusing more on what is deducted from it by the government, but I just can’t help to love these beads of pain. Everytime I look at the equivalent of 32 fucking % in my payslip, it makes me fucking wonder where all these is going!

Yes, I am a TAXPAYER and I just can’t move on!

 

 

Ely: Pilipinas, what is wrong with you?

Pilipinas: Nagataka ka pa, edi mga Pilipino.

 

 

I don’t wanna sound like a hypocrite here; if ever there’d be a way for me to lower this 32 fucking % tax, I would! (and no, I’m not getting married just to lower down my taxes if you’re thinking of suggesting it to me!) And If there’s a way for me to get away with it now, I absolutely surreal mothafucking would! OO GALIT AKO!

 

Why?!

 

Because I cannot see where my money is going! We are a rich country if only all of us Filipinos are responsible, but most are unfortunately imbeciles and parasites waiting for Jove’s gift to come down from the heavens. At ang masama pa dito, karamihan sa kanila feels like they DESERVE IT and they FUCKING HAVE THE RIGHT TO IT even if they are non-taxpayers! Read this http://elymentarykid.com/jeanenapoles/ and go back to this page after; let’s continue our discussion.

 

Alam niyo, if we only see where our hard earned money is going then I don’t think there would be any problem. I’m not asking for a perfect government, but I’m not as well settling for a government that is nothing more than a big joke. Marami talagang magnanakaw and it is something that we cannot deny to ourselves. Only taxpayers should be allowed to vote; I will be supporting this call! Only WE have the right to choose our nation’s leaders because it is our money after all!

 

I don’t have anything against the non taxpayers, but I have everything against people who are NAGPAPALAKI LANG NG BAYAG sa mga bahay nila! Mga BATUGAN na hindi na nga nakakatulong sa bansa eh kung makapagdemand pa akala mo naman may pinatagong pera! Call me whatever you want to call me, mata pobre, arrogante, or what not, but you know I’m right! You know I have a point and I have a very good point!

 

You will understand and feel me if you’re a tax payer. You will hate me however if right now, you already have a MALAKI AND MAKAPAL NA BAYAG! Hiyang-hiya naman ako sa’yo!

 

I found an article below that listed the Top 10 countries in the world which collects the highest income tax for an individual. Our tax figures is not far from them. In Asia as a matter of fact, the average tax collected across all nations is just around 23%. We are 32. AND WE ARE STILL FUCKING 3RD WORLD!

 

 tax

 

AND THE PICTURE ABOVE IS WHY I’M RANTING! There’s no PUN ye TAX!

 

 

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Only two things in life are certain – death and taxes. And for some, an extremely high tax rate is equivalent to death. But then again, for most people, any tax rate greater than 0 percent is considered excessive.

 

In France, there have been proposals to increase the tax rate for those earning more than $1.23 million to 75 percent from the current 48 percent. In the United States, the top tax rate stands at 35 percent, with proposals calling for its increase to 39.6 percent. It was one of the most contentious issues during the last presidential elections.

 

It is worth noting, however, that in the case of France, only a miniscule .046 percent of the population would be affected by the proposal to increase the tax rate for the upper echelon of society. In the United States, the most vociferous of those who oppose the increase are billionaire businessmen. The last time the United States had such a high tax rate was during the Clinton administration, and those years were marked by economic prosperity.

 

Maybe they would not complain too much if they compare the rates being levied upon them to those being charged to the upper echelon in other countries. Here are the top ten countries with the highest tax rates in the world.

1. Aruba – 58.95 percent for those with income of at least $171,149

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The country is known to have the highest standard of living in the Caribbean. This Dutch territory has the highest income tax rate in the world. It actually used to hover above 60 percent back in 2007. Married individuals who meet the income requirement are charged a slightly lower 55.85 percent. The country also has a 25 percent tax on capital gains. The rate is double than the average rate in the Caribbean, and especially astounding considering the zero income tax regime in the Bahamas, Bermuda and Cayman Islands.

 

2. Sweden – 56.6 percent for those with income of at least $85,841

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Sweden is a welfare state where citizens get free education and subsidized healthcare. Everyone is also guaranteed a basic pension. Even public transportation is subsidized. All these are the results of an aggressive tax scheme by the Swedish government in which those with extremely high incomes are levied a tax rate of 56.6 percent. As this rate will only kick for those with income of $85,841, most Swedes do not worry about it as it is way above the average income of $48,800. Sweden also has a 30 percent tax on investment income, as well as significant rates for property holdings and social security.

3. Denmark – 55.38 percent for those with income of at least $70,633

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This rate is actually an adjusted rate already, as the top marginal rate used to be 62.3 percent in 2008. Denmark also taxes dividend income by 28 percent and capital gains by 42 percent. Even the Danish church is not exempt, as they are liable for taxes ranging from 0.4 to 1.5 percent. Gifts to relatives over a certain threshold amount are also subject to 15 percent tax.

4. Netherlands – 52 percent for those with income of at least $70,090

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The Netherlands has the highest tax rate in Western Europe, where the regional average stands at 45.7 percent. Its government also charges capital gains tax of 25 percent, land transfer tax of 6 percent and inheritance tax of up to 40 percent. Average income in the country is $57,000.

5. Belgium – 50 percent for those with income of at least $45,037

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Just like its neighbor the Netherlands, Belgium’s tax rate is higher than the average for the region. It also charges a social security rate of 13 percent for employees and 35 percent for employers, municipal taxes of up to 11 percent, and capital gains tax of up to 33 percent. The country actually has the highest tax and social security burden in the world, with single taxpayers taking home less than 45 percent of their actual income. Those in the higher income brackets take home less than 40 percent. Average income in the country is $45,037.

6. Austria – 50 percent for those with income of at least $74,442

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Austria is one of the best places to live, so long as you are willing to pay for that privilege. Aside from the high income tax rate, it also has a social security rate of 18 percent, bonus payments are charged 6 percent, and capital gains tax is at 25 percent. Money stashed away in Swiss banks is also taxed through a special agreement between the Swiss and Austrian governments.

7. Japan – 50 percent for those with income of at least $228,880

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Japan has the highest income tax rate in the whole of Asia, where the average is only at 23 percent. Note however that the high rate only kicks in at $228,880, which is an extremely high income level in a country where the average income is $53,200.

8. United Kingdom – 50 percent for those with income of at least $234,484

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This will only last until April 2013, when the rate will be cut to 45 percent. Those earning less than $14,300 are exempted from paying taxes. Social security taxes can be as much as 14 percent, while capital gains can reach 28 percent.

9. Finland – 49.2 percent for those with income of at least $87,222

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The top rate used to be 53.5 percent, but this was cut in recent years. Municipal tax can be as much as 21.5 percent, and a church tax of up to 2 percent. Capital gains can reach 28 percent. The government plans to increase taxes in 2015, with the new rates targeting high income and pension owners and those receiving inheritances above $1.3 million.

10. Ireland – 48 percent for those with income of at least $40,696

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The top marginal rate has been increasing steadily the past few years, as it stood at only 45 percent in 2008. Social security tax is at 4 percent. Taxes on gifts, inheritances and capital gains can reach as much as 30 percent. It has the lowest corporate tax rate in Europe, however, at only 12.5 percent.

 

Source: http://www.therichest.com/business/the-top-ten-countries-with-the-highest-tax-rates/

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