PLEASE NOTE:

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

 
papaj2844
 
Comments: 4
Article views: 173
 
 
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.
 

Read News24’s Comments Policy

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
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Kalibanache
South African Genie and the Magic...

The ANC thought that they had the magic lamp when Mandela was leading. And I think they were right... But where is his lamp? Read more...

3 comments 171 views
Submitted by
Kalibanache
A spot of Blemish and Dirty Bum.....

Maybe the 2 week break will help some people with the reality of matters. " I called out, Reeva, Reeva !" sob sob... Ja buddy, That's not what Gerry says..  Read more...

3 comments 117 views
Submitted by
Kruger
For whom the bell tolls

While speculation is rife of the ANC's impending fall and Jacob Zuma's time that is running out, the party - and it faithful - are gathering in a laager. Read more...

5 comments 1002 views
Submitted by
Wouter Willemse
The Game has changed

If you are a child from the 60's, 70's or 80's in South Africa you had a different set of rules than the NewFreeBorns. Read more...

0 comments 100 views
Submitted by
Makate Rapulana
The SABC ís the voice of governme...

The public broadcaster is unapologetically the mouthpiece of any sitting government, and the opposition should reconcile itself with the fact. Read more...

8 comments 90 views
Submitted by
Makate Rapulana
ANCYL, Cosas, and the ‘nosey’ pub...

The public protector; blessed or cursed with a big and ugly nose was able to pick up a rather rancid odour emanating from a feeding trough; with Zuma and his lieutenants munching away the spoils of corruption.  Read more...

3 comments 70 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Escape winter, head to Mauritius

Escape winter by spending 7 nights in Mauritius' tropical bliss from R13 215 per person sharing. Includes return flights, airport transfers and accommodation. Book now!

Kalahari.com - shop online today

Get many eggs in one basket!

Gaming bundles: 2 Super Hits games for R99, 3 Disney games for R99 and more + exclusive accessory bundles only available on kalahari.com. While stocks last. Shop now!

25% off bestselling books!

The Real Meal Revolution by Tim Noakes, Jeffrey Archer’s Be Careful What You Wish for, Man’s Search for Meaning by Victor E. Frank and many more titles. Shop now!

Up to 25% off electronics

Buy top electronics and save up to 25%. Such as kalahari.com’s 1# selling product the gobii eReader, Patriot X Porter flash drive, Asus Nexus 7” 3G tablet, Samsung Galaxy SIII, Lenovo G580 Notebook and many more. Shop now!

DStv HD PVR Decoder now R949

The DStv HD PVR Decoder has further revolutionised the television experience with lifelike viewing, sharper images, more vibrant colours and precision picture quality. Now R949, save R550. Offer valid while stocks last. Shop now!

Up to 30% off appliances & homeware

Save up to 30% on appliances and homeware this Easter! Offer valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

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 your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Digital Media & Marketing Association
 
© 2014 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.