Wednesday, June 27, 2012

Earn more but pay less taxes......


A couple of years ago, this special friend was only earning $50,000 per year, this person was unhappy. Tax payable was less than $2000 then. Unhappy because the earning was too little.

Last year this friend was earning $200,000 plus, and tax payable is $20,000 now. However this person is still unhappy and the heart is even more painful than ever. Reason... The tax payable is equivalent for paying another house. This person wants to earn more but reluctant to pay more taxes.

I'm just wondering, if one day if this friend is going to earn more than a Million and the taxes are more than $200,000, would this amount blast the  heart! I can't imagine if everyone earns and refuses to pay taxes, how would the nation grows. If one is earning less, is fair for the person to pay less in tax but  when we earn much more, is always reasonable to pay more taxes as well. In everything we do, we have to be fair. Otherwise why termed yourself as God fearing but not law abiding, and have the intention to evade taxes due to the country. As for me, I'm too glad to pay my taxes because is only when I'm still healthy and needed that I could earn and be eligible to be taxed. If ever one day, I don't need to pay any more taxes, that will be the day I am no longer on earth. I hope this great friend could change too.

For my special friend - "When there is an income tax, the just man will pay more and the unjust less on the same amount of income" - Plato quotes.

2 comments:

Anonymous said...

Haha, this is very true Mr Robert. I met lot of people who dislike paying tax. From raj

Robert Foo said...

Hi Raj,

This is Penny Smart Pound Foolish. Cause when the Tax men come to us, we might even have to paid more.