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.

24 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.

Timy Tons said...

The amount of tax that you just owe annually is predicated on your financial gain level. The u. s. presentlyuses a progressive tax system — which suggests that the extra money you earn, the a lot of taxes you've gotto pay. jasa konsultan pajak

James jones said...

Hey very nice site!! Guy .. Excellent .. Wonderful .. I’ll bookmark your blog and take the feeds also?I’m glad to seek out a lot of useful information here in the put up, we’d like develop extra techniques on this regard, thank you for sharing. . . . . . https://www.btcsoftware.co.uk/making-tax-digital/

Watching IPTV said...

Customer service and support have also improved in the cheap IPTV Canada space. Many services now offer 24/7 chat support, comprehensive FAQs, and even video tutorials to help users set up and troubleshoot. The growing competition in the market means providers are constantly trying to improve their offerings and support quality. Some also provide free trials or money-back guarantees, giving potential users the confidence to test the service before committing fully.

For more visit cheap IPTV Canada.

Duane Buziak said...

Security is a growing concern in the digital age, and reputable Virginia mortgage comparison websites now prioritize protecting user data. Advanced encryption technologies ensure that your personal and financial information remains safe while you explore loan options. Knowing that your information is secure adds peace of mind during what can otherwise be a stressful process.
For more visit Compare Mortgage Rates Virginia Online.

Duane Buziak said...

Virginia’s strong economy and steady home loans Virginia make it an attractive place for homeownership, but choosing the right lender can significantly impact your financial future. Working with a local mortgage broker or lender often provides better insights into regional market trends, resulting in more competitive rates and tailored loan solutions.

Duane Buziak said...

Mortgage Pre-Approval Glen Allen Va it’s also about preparation. The process highlights potential issues with your credit or debt-to-income ratio, giving you time to address them before you make an offer. For example, you might discover small inaccuracies on your credit report or realize you need to pay down a credit card balance to qualify for better terms.

Duane Buziak said...

The competitive nature of Whole Sale Mortgage Rates that brokers constantly receive updated rate sheets from lenders. This dynamic environment ensures borrowers are always presented with the most current and competitive mortgage rates available in the market.

Duane Buziak said...

With Create Your Rate you’re empowered to explore every scenario before committing. Use smart tools and personalized calculators to see how different decisions affect your payments, ensuring you make the most informed financial choice possible.

Duane Buziak said...

One of the most compelling advantages of Mortgage Mastermind is its focus on transparency. By demystifying the lending process, members gain the confidence to negotiate better terms, understand lender incentives, and secure deals that align with their long-term financial goals.

Duane Buziak said...

Using a mortgage rate comparison tool also helps you analyze fixed-rate versus adjustable-rate mortgages. Fixed rates provide stability, while adjustable rates may start lower but can fluctuate. Comparing both options ensures you make an informed decision based on your financial goals.
For more visit Best Mortgage Rate Comparison Virginia.

Duane Buziak said...

Working with a custom home builder also means avoiding the limitations of pre-built properties. You can design functional spaces tailored to your lifestyle, whether that’s a home office, a chef-inspired kitchen, a media room, or an outdoor entertainment area perfect for Richmond’s mild climate.
For more visit Custom Home Builder Richmond Virginia.

Duane Buziak said...

Jumbo Mortgage Rates Richmond Virginia has become increasingly popular in Richmond, especially when market conditions lead to falling interest rates. Homeowners can reduce their monthly payments or switch from adjustable-rate to fixed-rate jumbo loans to gain long-term financial stability.

Duane Buziak said...

Many Virginia homeowners are unaware of how much they could save by refinancing, especially when mortgage rates fluctuate. Using online comparison tools allows you to compare refinance mortgage rates virginia online current refinance mortgage rates, compare multiple offers side by side, and lock in a deal before rates rise again. Acting quickly can significantly reduce your monthly payment and total interest paid.

Duane Buziak said...

When shopping for homes in areas like Richmond, Virginia Beach, or Northern Virginia, being preapproved can set you apart from other buyers. With a Soft Pull Mortgage Preapproval Virginia, you gain the same advantage without the downside of unnecessary credit score dips.

Duane Buziak said...

Virginia’s housing market dynamics influence mortgage rates across loan types. Factors like property demand, local economic trends, and regional lending competition can cause FHA, VA, and compare refinance mortgage rates virginia online rates to differ slightly compared to national averages. Comparing rates online ensures you capture the most accurate, location-specific offers.

Duane Buziak said...

Choosing a 30-Year Fixed Rate Virginia allows homeowners to lock in historically low rates when they become available. Even slight differences in interest rates can save thousands of dollars over the life of a mortgage, making timing an important factor.

Duane Buziak said...

Planning your budget is much easier when you choose a no hidden fees mortgage Virginia. Without unexpected add-ons, you can focus on your monthly payments and long-term financial goals instead of worrying about hidden closing costs.

Duane Buziak said...

Many Virginia lenders are adopting soft pull mortgage prequalification Virginia technology to streamline the mortgage process. This borrower-friendly approach aligns with modern digital trends and prioritizes convenience. It eliminates unnecessary stress while still delivering accurate insights, making it easier than ever to start the home-buying journey.

Duane Buziak said...

Soft Credit Pull Mortgage Prequalification Virginia can give you an early advantage in Virginia’s competitive real estate market. Sellers and agents take prequalified buyers more seriously, especially when you have an estimated budget in hand. Even though it’s not a full pre-approval, it signals that you’re a serious and prepared buyer.

Duane Buziak said...

Technology plays a big role in making this process seamless. Many lenders now integrate prequalify for mortgage Virginia without hard credit check and automated underwriting tools that analyze your financial information instantly without requiring a full credit check.

Duane Buziak said...

Military families in Virginia often benefit from pre approval Virginia. With so many bases across the state, pre-approval for VA loans helps active-duty members and veterans secure competitive rates with zero down payment.

Duane Buziak said...

Lenders assess your debt-to-income (DTI) ratio when determining refinance rates. A lower DTI suggests better financial stability and typically results in more favorable rates. If your DTI is high, reducing other debts before refinancing can improve your chances of qualifying for lower refinance rates.