QUOTE(Knight_2008 @ Jul 10 2010, 11:49 AM)
why must u always insist one paying and getting the equivalent in return. The purpose of taxation is to enable the wealth of the country to enjoy by whole population. Are you saying that just because you are rich and pay lots of tax, the police should only protect you and those poor man can killed wantonly.
No, that's not what I'm saying. The Police is meant for everyone, not just the rich.
However, let's look at it from another view point. The whole population has a responsibility to contribute to the wealth of the country, and not just sit back and wait to enjoy the wealth that comes from other people's tax money. The focus is what you can do to help the country, and not what other rich people can do to help you.
QUOTE
How would you feel if you look at a rich man kid which go to private school and the country does not have any public school to go to causing you to forever unable to compete with him.
Public goods such as national defense, public security and education will not exist without tax.
Irrelevent. The situation does not exist and that's not what I'm advocating.
Added on July 10, 2010, 12:19 pmQUOTE(cherroy @ Jul 10 2010, 11:46 AM)
But as above my post, you are not going to be taxed again, it is your children or beneficier pay the tax, when they inherit it.
The pool of money it comes from has already been taxed at source, ie income tax.
A bit like company dividends which have already been taxed at source. So when the share holder gets it, the source taxation is taken into account.
Of course, all depends on the actual mechanics of the inheritance tax calculations.
This post has been edited by howszat: Jul 10 2010, 12:19 PM