The thought comes to mind because at some point this bullshit has to end, either with the collapse of society or the start of something new, and well, I'm genuinely curious at what everyone’s idea end state is, if you had the power to make your ideal society happen instantly, what would it look like?
I'm especially interested in the opinions of those who don't really like minorities, as well as our resident “woman hater”, but anyone and everyone’s free to reply. I'll edit mine into this post later, I gotta go back to work.
10.1 Like double jeopardy, no double taxing the same money.
For example, no income tax, then sales taxing. Or Income taxing then inheritance taxing when it changes hands.
The money is taxed only once at the most relevant applicable rate.
Yes. When changing hands. Don't get me wrong I didn't mean only taxed once ever in its creation.
They shouldn't be allowed for example earlier given, claim income tax on money, then claim inheritance tax when it's changed hands. That money was already taxed, multiple times before it got pooled together as a pot to be inherited. It also has lost value over the years compounding that tax effect to then be taxed again, likely at a greater sum.
Or for example as you said, Employer pays tax when they pay you, you pay tax when you receive it. Then you pay tax again when you buy an item, even tho the manufacturer will have already paid their goods tax for said item.
At present taxing isn't when it changes hands, it's when it changes "form". Their excuse is that it's only ever being taxed once, per person, for that reason. But that means they can claim two sets of tax for one exchange.
See https://www.theolivepress.es/spain-news/2020/03/27/gibraltar-kicks-off-its-double-tax-agreement-with-uk-to-attract-big-money/ for an example.
Yes this is regarding changing countries and being taxed twice but the effect is still the same. What they do there is you are taxed based in the country where the work took place, instead of being taxed in both.
The same could easily be applied to income or money source.