>> tax for people (not companies) is unique (no progressive taxation levels) >> and around 14%, and they are doing well since it was introduced.
> Russia's income tax on wages is a flat rate of 13%. Unique? No, the Ukarine > now has copied the policy. David, as you can see in parenthesis, after "unique", I explained "no progressive taxation levels" (as in 10%, 15%, 20%... as the income increases). That's what I meant by "unique"; I should have said "flat" from the start. Yes, there are several other eastern european countries using this simple system. By "income" / "revenue" I mean all the income (salary, rent, interest, investment returns, whatever) of a person (in this case I ignore companies), from any source and in any form (money or goods, or any other kind of value exchanged for services), income made on the territory where it is taxed. Maybe in USA "income" is used in a different way, but this is what I meant - the revenue. Of course, income that was already taxed is not added to the total. If the revenues of companies are also added to the system, the flat general tax can (I strongly believe) be decreased toward 5%. I don't agree with property tax because the property either generates income by what people do on it and so it would be taxed since it adds to the income of a person, or it generates no income and so it shouldn't be taxed. Of course, some people can choose not to do anything with their land, which would negatively affect the local economy, but I still don't agree with taxing the property since it was bought (= it changed owner). In such a case, the state (if it is the seller) can stipulate in the contract that the owner must generate revenue with the property or sell it, else the property goes back to the state. Regards, George Hara ------------------------------------------------------- Xnet scaneaza automat toate mesajele impotriva virusilor folosind RAV AntiVirus. Xnet automatically scans all messages for viruses using RAV AntiVirus. Nota: RAV AntiVirus poate sa nu detecteze toti virusii noi sau toate variantele lor. Va rugam sa luati in considerare ca exista un risc de fiecare data cand deschideti fisiere atasate si ca MobiFon nu este responsabila pentru nici un prejudiciu cauzat de virusi. Disclaimer: RAV AntiVirus may not be able to detect all new viruses and variants. Please be aware that there is a risk involved whenever opening e-mail attachments to your computer and that MobiFon is not responsible for any damages caused by viruses. --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
