PLEASE NOTE:

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

 
papaj2844
 
Comments: 4
Article views: 3
 
 
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
CatCrazy
You Bloody Animal Hating Bastard!

Two nights ago, my sweet, gentle, caring cat, Elli, got shot by a high powered rifle. She is 3 years old. This is a cat, who just wants to love and be loved. Read more...

19 comments 712 views
Submitted by
Craig Pedersen
What Eskom is costing my business

Every day that I cannot trade, costs ME directly R10k. Read more...

15 comments 808 views
Submitted by
Antony Seeff
WhatsApp VOIP

WhatsApp voice calling – game changer or fringe feature? Read more...

5 comments 418 views
Submitted by
Gert James
Shedding a tear over Loadshedding

Stop treating me and millions of other citizens like we are in inconvenience. We do NOT live in a third world country and the time has come for you to eradicate third world thinking. Read more...

27 comments 2221 views
Submitted by
Thulane Che Trosky
Looking to Zuma to put a spring i...

According to the SABC, President Jacob Zuma says the government needs prayers for good leadership and peace. No: we just need good leadership. Many are praying, but it is just not working. Read more...

3 comments 247 views
Submitted by
Debby Timm
Eskom public relations

I know this is getting old, and is probably one of the biggest irritations in our lives, however I would like to make some observations. Read more...

12 comments 1929 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

Save up to 40% on outdoor accessories!

Tents, sleeping, day packs and more. While stocks last. Shop now!

Month End Madness Sale!

Save up to 60% on across a wide range of goods from books to electronics, DVDs and many more. Sale end 31 January 2015. Shop now!

Valentine’s Day gifts – 14 Feb!

Gifts to spoil him and her. While stocks last. Shop now!

30% off fragrances

Get 30% off fragrances for him and her. While stocks last. Shop now!

Up to 30% off All Textbooks

Save up to 30% off an extensive range of prescribed textbooks for all major universities and FET colleges. Shop Now!

OLX Free Classifieds [change area]

 

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.

 
Interactive Advertising Bureau
 
© 2015 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.