#incometax — Public Fediverse posts

Retiring with ₹2 crore? Here’s how much you can withdraw every month

Retiring with ₹2 crore sounds reassuring, but the real question begins after retirement: how much can you withdraw…
#NewsBeep #News #Personalfinance #Business #Finance #IncomeTax #Pension #PersonalFinance #rentalincome #Retirement #Savings #UK #UnitedKingdom
https://www.newsbeep.com/uk/762200/

https://www.europesays.com/uk/1190079/ Retiring with ₹2 crore? Here’s how much you can withdraw every month #Business #Finance #IncomeTax #Pension #PersonalFinance #RentalIncome #retirement #Savings #UK #UnitedKingdom

What if we taxed what people spend, not what they earn?
#Business #Economy #Taxation #IncomeTax #TaxReform #ProgressiveTax #ConsumptionTax #Economics #Saving #FinancialSecurity #WealthDistribution #FiscalPolicy #EconomicGrowth #IncomeInequality #The14
https://the-14.com/what-if-we-taxed-what-people-spend-not-what-they-earn/

Yes, the greater the rentalValue a property is the more tax, progressive from 15-50% of a years rental value.

The more land you own the closer to 50% you would get, that's what makes it "progressive".

#IncomeTax needs to go, thats part of the #profitLoss shenanigans.

(2/2)

What if on tax day, We the People (aka govt) rolled a dice…

And if the number is a 1 to 3 then, forget #profitLoss based taxes and Progressive #IncomeTax. Instead tax is squarely focused on Progressive Land Tax based on the improved value of the #land (aka #rentalValue).

What do you think?

Can some 'constructive ambiguity' help to limit the excesses and destructive behaviours of the #kleptocratic few.

(In Australia we already have a GST and we are not suggesting changing that)

@nygal
*Silently supports a #ProgressiveLandTax based on #rentalValue of the #land, because the extremely wealthy and well-connected game #profitLoss-based #taxation so they never pay taxes.*

Also #incomeTax doesn't much sense, when compared to #consumption and #landTax'es

And some people just own too much land and engage in #rentseeking that drains the real #economy.

#henryGeorge #georgism #geoism