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Not in Saudi Arabia they dont. Did you even look at the link I provided?
Who the hell said crap to you about class warfare? We're arguing that GOVERNMENT owning means of production is NOT right wing ideology..
I'm seriously about to just end this because you're pretending to not understand my words. I'll be as clear as possible here.
Income tax= 2.5%. It is a flat rate. The rich guy's income tax rate is 2.5%. The poor guy's rate is 2.5%. Same rate.
Who said crap to me about class warfare? You. You said I ignore the richest at the top and pretend they don't exist. Corporations pay taxes, but the people that own them do not pay more than the 2.5% of their income.
You are talking to someone who will never, ever admit being wrong. Obviously he is not aware that the royal family in SA is the government. There is no other government, and most of the government programs are financed by the royal family charity.
I'm starting to learn that about him as this discussion continues. I tried to extend an olive branch with him since the argument was pointless and we both agreed, but he kept on going.
You are talking to someone who will never, ever admit being wrong. Obviously he is not aware that the royal family in SA is the government. There is no other government, and most of the government programs are financed by the royal family charity.
The current king didnt become king until 25 years AFTER the government bought out the oil companies.
Saudi Arabia corporate income tax rate for 2009: 20%.
The tax rate of a resident capital company is 20% of its tax base, with the exception of tax rates for the gas and oil industries.
The income tax rates applicable to companies engaged in natural gas investment activities is 30%. (Such companies are subject to a higher tax rate from 30% to 85% based upon the cumulative rate of return.)
The income tax rate applicable to companies engaged in the production of oil and other hydrocarbons is 85%.
Last I checked 20% is greater than 2.5%.. Maybe you went to a special school..
Saudi Arabia corporate income tax rate for 2009: 20%.
The tax rate of a resident capital company is 20% of its tax base, with the exception of tax rates for the gas and oil industries.
The income tax rates applicable to companies engaged in natural gas investment activities is 30%. (Such companies are subject to a higher tax rate from 30% to 85% based upon the cumulative rate of return.)
The income tax rate applicable to companies engaged in the production of oil and other hydrocarbons is 85%.
Again, completely ignoring what I explicitly pointed out. The people who own the corporations don't pay the 20%. The corporation pays the 20%. Simple as that.
It amazes me every time how people always try to associate negative things to the party they oppose, even when they must know they are wrong, like in this case. Monarchy and Socialism are not synonymous. There are many conservative aspects in SA, and some left wing aspects, but I would not call it either.
Again, completely ignoring what I explicitly pointed out. The people who own the corporations don't pay the 20%. The corporation pays the 20%. Simple as that.
YOU ARRE FLAT OUT WRONG
Individuals carrying on a business or professional activity are taxed at the same rate (i.e. 20%) and under the same rules as corporate entities.
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