Taxation is just a policy to extort the poor because we learnt that the rich, powerful escape the scourge of paying this taxes rather the govt use this money to incentivize the rich and at the end of the day, the whole chapter seems like a plot..
Taxation is just a policy to extort the poor because we learnt that the rich, powerful escape the scourge of paying this taxes rather the govt use this money to incentivize the rich and at the end of the day, the whole chapter seems like a plot..
Well no, and yes. I'm starting a company btw. And I found out, that the government kiss the feet of successful entrepreneurs, why, they create jobs and bring in money , the more money goes around, the more taxes are paid, the happier the government is. So the government don't mess with successful entrepreneurs, those entrepreneurs know the law and can know very quickly if they are being screwed with. On the other hand, normal people don't know the law, so the government try to screw them because they think it is normal. So is more of the, do you know the law and can you fight against it, rather than being rich or poor.
The rich don't pay much in taxes because the government has laws that allow for donations to charities to be deducted, for business losses to be deducted, or spread out over time, and so forth. These are all pro business tax deductions and tax credits. These deductions help businesses to grow and prosper, while the poor cannot.