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#incometax — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #incometax, aggregated by home.social.

  1. 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
    newsbeep.com/uk/762200/

  2. 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.

  3. (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)

  4. @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