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just for fun simple Tax law idea

No. Things do not have to be converted to cash that goes into a bank.
 
Telstra said:
assuming the Tax law is 15% tax for personal income, and for any types of businesses (big or small) Therefore, the government should be able to take out money from all bank accounts.


Example:
if you have $100, government will take out $15 from your bank account.
If you have $100,000,000, government will take $15 million from your account.

Is this fair and why ??
Click to expand...
No becuase you can't live on $85, but it you have $85 million you can live well for several lifetimes.


You can only buy 17 big macs with 85 the rich guy can buy 17 million big macs.
 
Beachguyj said:
No becuase you can't live on $85, but it you have $85 million you can live well for several lifetimes.


You can only buy 17 big macs with 85 the rich guy can buy 17 million big macs.
Click to expand...

oh, simple to fix.
Maybe nothing taken out if its under $50,000 ;)
If its $50,500 ... 15% taken out of $500
 
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