If it looks to good to be true, it almost certainly is - an object lesson from the DPRK.
Note this uplifting headline / opening para, especially given the horrors that tomorrow holds:
It certainly caught my attention....
Anyway, some detail:
I think I would rather suffer even our iniquitous tax system than live in an economy where the state owns the entirety of the means of production and thus can get its greasy mitts on one's income etc without going through the palaver of pay slip with itemised deductions.
It certainly caught my attention....
Anyway, some detail:
In Juche 44 (1955) the Republic lowered the blue and white collar workers' income tax 30 percent and radically reduced taxes of handicraftsmen, businessmen and merchants. It also brought down the peasants' tax in kind at 20.1 percent on an average from 25 percent of the yield, and again at 8.4 percent since 1959.
With the production relationship transformed on socialist lines and solid foundations of socialist industrialization laid, it pushed ahead with preparations for the abolition of the tax system and eliminated agricultural tax in kind in 1966.
Thus only the income tax paid by the industrial and non-industrial workers and some amount of local taxes still remained in the DPRK.
The President had a historic law, "On Abolishing the Tax System," adopted at the third session of the 5th Supreme People's Assembly of the DPRK convened in March 1974 to finally do away with the tax system in the country.
I think I would rather suffer even our iniquitous tax system than live in an economy where the state owns the entirety of the means of production and thus can get its greasy mitts on one's income etc without going through the palaver of pay slip with itemised deductions.
Labels: DPRK-watch, Taxes
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on Tuesday, March 23, 2010 at 11:01 am.
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