Re: Jamaican army deployed ahead of huge tax increase on basics
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: amberal37</div><div class="ubbcode-body">Well it is budget time there too, and just saw this link in the Jamaican observer.
Jamaica PAYE and Income tax
If the numbers are right, it is saying that only 11.5% of the population pay income taxes at the moment? This cannot be right!!! I will continue checking other sources. But...
Let's see...in most economies, roughly 50% of the population makes up the workforce (the rest are children, elderly, prison and incapacitated). That would be about 1.2million for Jamaica.
And their unemployment rate is meant to be between 14-17%, but I will be generous and say 20%.
So only 25% of the workforce pay takes, another 20% is unemployed, where is the other 55% who are supposed to be working?!!
It is not a big Island, so they should devise schemes to bring people into the regulations.
But that 323,000 MUST be wrong, I'm sure!
</div></div> More nonsense again. the only way to bring the work force up to taxable income is to oncrease the wages paid to them. That is the only way. Youy can;t pay the majority of the workers at near slavery rates and expect them to pay taxes.
Why do youy not suggest the unjust tax rate un the country wherew the multimillionaire s, ciorpoirations and the lowly workers pay the same 33% tax rate?
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: amberal37</div><div class="ubbcode-body">Well it is budget time there too, and just saw this link in the Jamaican observer.
Jamaica PAYE and Income tax
If the numbers are right, it is saying that only 11.5% of the population pay income taxes at the moment? This cannot be right!!! I will continue checking other sources. But...
Let's see...in most economies, roughly 50% of the population makes up the workforce (the rest are children, elderly, prison and incapacitated). That would be about 1.2million for Jamaica.
And their unemployment rate is meant to be between 14-17%, but I will be generous and say 20%.
So only 25% of the workforce pay takes, another 20% is unemployed, where is the other 55% who are supposed to be working?!!
It is not a big Island, so they should devise schemes to bring people into the regulations.
But that 323,000 MUST be wrong, I'm sure!
</div></div> More nonsense again. the only way to bring the work force up to taxable income is to oncrease the wages paid to them. That is the only way. Youy can;t pay the majority of the workers at near slavery rates and expect them to pay taxes.
Why do youy not suggest the unjust tax rate un the country wherew the multimillionaire s, ciorpoirations and the lowly workers pay the same 33% tax rate?
woieeeee yuh still a bringle ovah lizbeth eeeh
salt whiting 
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