[BillM]

This is how to do it!

[who knows what evil?]

...so easy to understand, even a caveman could figure his own taxes...

Most excellent post!

[Sequoyah101]

As with most things in Singapore, I could live with it.

The U.S. and its mongrel population will never return to sanity. The great experiment has turned to excrement and is over and the inmates have taken control of the asylum.

Education has dumbed down the society and it is ignorant of understanding what it takes to be free.

We are headed for the dustbin of history.

[Buckeye McFrog]

If you can live with Michael Bloomberg levels of micromanagement of your personal decisions (don’t chew gum, and flush that urinal or we’ll cane you) I’ve heard it’s just a dandy place.

[freeandfreezing]

It is never as simple as that. Before you can apply any "income" tax you have to determine what the "income" is. That may seem simple if you only have income from a paycheck, but it is way more complicated once you have to determine what the income is from a business or investment.

For example, if a business buys a new lathe in October how much of what they paid for it is an offset against their income for that year? All of what they paid, 1/6th of what they paid, 1/60th of what they paid, or some other number?

If a business spends all of their profits to buy new merchandise do they have any income? If so how is it measured - what the inventory cost or what it is worth at the end of the year?

[Cyber Liberty]

The profit tax rates are still progressive. it’s “better” than the US only in terms of degree. That puts them one law away from being just as bad as the US.