rich people use trust funds and corporations to negate paying tax
Philip S,
Yes that is the crux of the problem. Who let's them do that ? We do ! The argument that you wouldn't have industry if you didn't have this system is just crap of the purest kind.
They reap the rewards & the rest of us pays for their mistakes & shortfalls. It's a crap of a system & needs to be done away with. Any worker could be employing others by paying so little tax. Investment ? Give me a break ! Like those companies who go broke whilst having hundreds of millions ? If anyone can't see that the present system is so massively flawed then nothing can help us. Whatever happened to fair go & all those clichés that make everyone feel so warm'n fuzzy at elections ? Everyone pay the same rate Period ! If a company loses someone's Super than the Government should either compensate the people by giving them the money. After all it was the Government who let the company operate in the first place. Or the Company's managers should have to forfeit their personal properties to compensate the people. No good screaming investment risk when THEY've got nothing to lose. Why are such companies allowed to run that low in the first place ?
There's only one reason why this kind of crap is occurring because of our crap tax system !
The average household has more competence in managing than these so-called experts.

579,

GST is described as a regressive tax, in that the rich can avoid and pay a lesser proportion than the poor. This is why it is electoral poison.

With a 2% TT the most anyone will ever pay is $2 for evey $100 earned. So on say a gross average wage of $66,000 is about $1300 per year. Full stop!

The trick is, while money can only be spent once, it can ne used an unlimited number of times, transferring from account to account, collecting a small tax every time.

Now given the current system means one pays about $15,000 tax on that $66K salary, this would put about $13,700 (round numbers) extra in the pay packet.

Now that would stimulate the economy.

We could pay everyone (of working age) say $10,000 tax free per year, no questions asked and if you don't want to work, thats fine, but you get nothing more.

Welfare is all but gone. No work, no extra.

No need for tax returns and, if you do claim any expenses, YOU WILL BE AUDITED.

This tax would also stop the tax evasions from OS accounts, as any money leaving the country would be taxed at 2%.

So, why won't they ( governments) do it?

there is good reason we dont tax transactions

CNBC Exec’s Children Murdered,
1 Day After CNBC Reports $43 Trillion Bankster Lawsuit

By: NotForSale2NWO
http://theintelhub.com/2012/10/27/cnbc-execs-children-murdered-1-day-after-cnbc-reports-43-trillion-bankster-lawsuit/


This week financial news organization CNBC gave some mainstream attention to the largest money laundering and racketeering lawsuit in United States History, in which “Banksters” and their U.S. racketeering partners are being accused of laundering of 43 trillion dollars worth of ill gotten gains.

The lawsuit is said to involve officials located in the highest offices of government and the financial sector.
Since this information was surprisingly revealed by the mainstream news organization there has been a very suspicious and deadly fallout at the CNBC headquarters.

Within hours the original page for the article was taken down, and CNBC senior vice president Kevin Krim received news that his children were killed under very suspicious circumstances

read the peliminary declaration
it seems to be serious

http://img41.imageshack.us/img41/5857/usaracketeeringonmortga.pdf

but wait there is more
http://www.silverdoctors.com/cnbc-mope-actual-existence-of-gold-reserves-is-irrelevant-its-the-bookkeeping-that-matters/

lest we forget sadman insane wanted gold ..ditto gadfly
the gold issue is huge..

The obvious inevitable next step is for the US Government to outlaw private ownership of gold (again), order the American people to turn in their gold to cover the shortfall (like We The People actually have that much) and "compensate" he looted Americans with the aforesaid worthless paper notes..

startt up the printing presses
promises ..but wait
http://www.youtube.com/watch?v=XZZQzGeuBLQ

remember pearl har ha ber
http://www.globalresearch.ca/fall-1941-pearl-harbor-and-the-wars-of-corporate-america/28159

and we too got a whitre paper
we are the t erroists
http://theintelhub.com/2012/10/27/new-un-white-paper-defines-internet-users-as-potential-terrorists/

transaction tax is just
not just us..but any moving cash anywhere
i suggest double if via a tax haven..or from a trust..or corp..or non living entity..or those greedy despoiling it all
http://xrepublic.tv/node/754
http://chris-floyd.com/component/content/article/1-latest-news/2291-welcome-to-the-age-of-hell-entrenching-murder-as-the-american-way.html

the nanny did it
apparently reminding us of manchuria

Could there be a REAL 'Manchurian Candidate'?
TV show to test whether innocent people can be turned into brainwashed assassins?[/

http://www.dailymail.co.uk/sciencetech/article-2223571/TV-test-innocent-people-turned-brainwashed-assassins.html[/quote]

this was something i studied when i was doing research on advertising. here it is in action.
[video width=425 height=344 type=youtube]oC9J6O6soHA[/video]

i suggest watching all his work...
http://www.youtube.com/watch?v=oC9J6O6soHA&feature=player_embedded

http://www.youtube.com/watch?v=eKpnGHhtylg&feature=player_embedded
http://www.huffingtonpost.com/2012/10/27/broke-cities_n_2025731.html
http://www.rawstory.com/rs/2012/10/26/company-linked-to-deadly-meningitis-ignored-warnings-says-fda/
http://www.activistpost.com/2012/10/technocratic-control-over-greek-gold-is.html
http://www.caseyresearch.com/articles/ascendence-sociopaths-us-governance

but of course the spin is in..the timming and the fun-ding*
white paper promises..by black hearted faceless men running a missogenists scam

i wish them well
but the inhouse mysogenists rule
lord it over her roost..how long wil her 'man';..stay..once her dependance upon his presence..for normalicy.. is past..

who would have though the mans game
would succum to weeping and gnashing of spin..
as long as its push/polled..the spin becomes sin..no mattrer how far distant the aspiration.

The tax was designed by a Committee headed by Don Argus, a former Chairman of BHP, and based of the requirements of BHP and Rio. It would be most surprising if it raises any revenue from those companies and probably not from the smaller miners either.