How to reduce overall tax?
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munroe Apprentice
Joined: 04 May 2006 Posts: 5
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Posted: 12/01/07 - 06:59 Post subject: |
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What is overall tax and how to reduce it? Is a fix tax rate the most that can be done? Can the tax even be lowered?
What determines it? The amount of money one have? Perhaps the tax can be completely avoided if we all make as a present but we cannot make it all can we?
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ezra Apprentice
Joined: 28 Jun 2007 Posts: 6
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Posted: 12/30/07 - 22:06 Post subject: |
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| There are taxes like ones on the sales not the income, that are regressive. Which means that greater the amount to which it applies lower the tax. So to reduce it you need greater wealth. It is no good if the tax is flat because it would drop with its amount so the people with less amount of money would pay more. |
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