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
Gayle Goddard
An Open Letter to the South Afric...

I would like to address the Minister of Education. I would like a word about major problems which are affecting many schools academically.  Read more...

0 comments 352 views
Submitted by
Peter Sinclair Ellis
Jacob Zuma and the house

Jacob Zuma, and all the names that his 'praise singers' and detractors call him, has the audacity to tell the speaker, 'fix this house.' Read more...

0 comments 217 views
Submitted by
Lien Potgieter
12 ways to use colour as your the...

Vision is the master of the senses. Half of our brain’s resources are dedicated to seeing and interpreting what we see in the world around us. No wonder then that colour as healing method is so effective and powerful. Read more...

0 comments 39 views
Submitted by
Siyanda.Mda
We have a state of emergency in t...

We have a state of emergency in our country, but our government is too blind to see that.  Read more...

0 comments 176 views
It is mad to burn schools

It’s frustrating to witness action against education continuing to prevail in our country. Read more...

0 comments 824 views
Submitted by
Bobby Shabangu
Learning disability in the aparth...

During my school days, the teachers used to beat us like crazy. Many kids dropped out of school because of corporal punishment.  Read more...

0 comments 262 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.