Stop paying tax?

[SuAside]

depends on the way you gather your wealth. big salaries pay more taxes. big bank accounts generating interest, pay more taxes. etc.

BUT if you have money, you can set up holdings and whatnot. thus letting those pay for your expenses (and you even get to substract the VAT ), thus paying only little tax at all.

(in belgium anyway)

it is nearly impossible to prevent such tax evasion structures because making laws against it would at the same time also affect legit corporations, who then would likely move their holding elsewhere.

 

[xdarkyrex]

Well, I meant in America, and I was talking strictly about income tax

The higher your income, the less percentage you pay on income taxes.

Warren buffet makes billions, is the second richest man in the world, and yet he pays 17.7% in taxes on his income, yearly.

His secretary pays 35% income tax or something like that.

That makes no sense at all.

Why does a poor single mother pay a higher percentage tax than the second richest man in the world. He also claims he uses no accountants and does not in any way avoid taxes or use tax shelters or anything of the sort.

It's simply and horrendously wrong.


Also- Colonel_here, you misquoted and put me as the title of that quote. For clarities sake I don't want that statement being misconstrued as something I might have said, so I would appreciate it if you fixed it

 

[SuAside]

iirc this is how income tax works in belgium:
you got 'slices' of your yearly income, which you pay taxes on.

in theory, you pay:
25% tax on the first slice up to 5705 euro
30% tax on the slice from 5705 euro to 8120 euro
40% tax on the slice from 8120 euro to 13530 euro
45% tax on the slice from 13530 euro to 24800 euro
50% tax on the slice above 24800 euro

so it's an incremental system out here, the higher your income, the higher the tax you pay on the added income.

though there are added tax cuts to this, like the first 4.095 euro are taxfree, you can get tax cuts due to pension savings, etc etc etc.

 

[xdarkyrex]

Thats how ours is supposed to work too.
Well, cept there is no tax-free bracket.

But it doesn't.
Thats the big complaint..