PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
papaj2844
 
Comments: 4
Article views: 7
 
 
Latest Badges:

 
View all papaj2844's badges.
 

The budget

26 February 2013, 13:05

Hi Gordon

It is time to be strong daring and bold but above all be different from all the current means of raising tax income. None of the present methods work anywhere in the world.

1) Do away with all paye tax. The poor never pay the medium class pay through the nose and the rich pay a fraction of what they should by using tax loopholes clever financial accountants.... It is not equal or fair.

2) The only tax should be a consumer tax. Pay as you buy.. Vat is the answer.

3) if your income is low or non existant you will only buy low cost products. These products should be VAT FREE.This should not only apply to food but anything that is made locally cheap like clothing. etc.If it is imported the appropriate Vat should be charged.

4) as your income increases the desire is their to buy more expensive items. The Vat should increase in proportion. 

5) The vat can never be justified to be the same percentage of a person buying a cheap car as opposed to buying a super top of the range Merc or Ferrari.  The same applies to houses and properties.

6) it is not difficult to work out Vat rates for important designer clothing or high fashioned jewelry or fancy home decoration as to basic items such as low cost furniture.

7) all current full tax avoiders will be caught in the net unless you are a bit loose in the head. Show me a millionaire who will buy a R 50000.00 car or a cheap RDP house. No he want a R 4000000.00 house or more. Well a 50% vat should good.

8) this will redistribute wealth to us all.


Consider it

Jiri 

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

 

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
4 comments
Comments have been closed for this article.

Read more from our Users

Submitted by
Nicholas K Mashabela
Are you a corrupter or a corrupte...

Many of our people, desperate to acquire drivers’ licenses, have for many years, found themselves being corrupted by traffic officials at driving schools.  Read more...

0 comments 792 views
Submitted by
Linda De Rooster
Children losing out

I am an Educational Psychologist who does a lot of psycho-educational assessments with children with special needs.  Read more...

0 comments 169 views
Submitted by
Sindiswa Ramokgata
Voters: Mindless Sheep?

In this godforsaken country of ours, one can only shake one’s head at the naivety of the mindless masses (MMS’s) who make up the vast majority of voters. Read more...

0 comments 445 views
Submitted by
Martin Albert
The decision on who to vote for i...

Much has been said about voting or not voting and who to vote for. I believe that both decisions are very straightforward. Read more...

0 comments 768 views
Submitted by
Colin Webster452
MSSA's General Secretary to be a ...

120 officials from e-sports and sports industries will participate in the Global e-Sports Executive Summit,which will be held by International e-Sports Federation (IeSF) in Shanghai, China for 2 days, from July 30th to July 31st. Read more...

0 comments 58 views
Submitted by
Struan Robertson
Why Does Science Set Us Free?

Why does science set us free? The short answer. Science sets us free because as a method of inquiry it is about the pursuit of truth and as the universal law stated in John so clearly says it is knowing the truth that sets us free. Read more...

0 comments 690 views
 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

TV Get us in your home, on your television.

 
Interactive Advertising Bureau
 
© 2016 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.