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Now the MPs are talking....reduce taxes, lol
matata
#21 Posted : Thursday, May 30, 2013 4:21:19 PM
Rank: Member

Joined: 11/7/2011
Posts: 410
Joshgat wrote:
McReggae wrote:
....eti they also to plan UMK salary by sijui 43%....like he cares!!!!

.....those earning less than 50K to be excempted from tax, this is music to the ears of many!!!!!!

And moreso to my ears.smile smile


And where do they expect their salaries en all the allowances to come from? This guys don't reason even one bit! En this tyme there greedy.
Jus Blazin
#22 Posted : Thursday, May 30, 2013 4:30:23 PM
Rank: Elder

Joined: 10/23/2008
Posts: 3,966
Reduction of taxes may not be a great idea now, especially with a ballooning government budget. Lower revenues by the government will push development expenditure lower, may curtail growth in the economy while reducing investments on infrastructure and increasing loan funding. It has to be a well thought out plan for it to work, not simply trying to win over the populace. You may have heard Cabinet secretary for transport and infrastructure complain about lower budget allocation for his ministry that may have impact on the standard gauge rail, dredging of Mombasa port, lapsset, etc. Then again, I know tax cuts can boost a citizen's cost of living and enhance consumer spending. It's a balancing act this one that requires more of thought and less of emotions.
Luck is when Preparation meets Opportunity. ~ Lucius Annaeus Seneca
kitunda
#23 Posted : Thursday, May 30, 2013 4:39:08 PM
Rank: New-farer

Joined: 5/30/2013
Posts: 25
There must be 'something' buried deep in that Parliament building that makes even the brightest minds to become the dumbest from the dumpsters; such that even simple reasoning seems like rock science!
maka
#24 Posted : Thursday, May 30, 2013 4:39:24 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Jus Blazin wrote:
Reduction of taxes may not be a great idea now, especially with a ballooning government budget. Lower revenues by the government will push development expenditure lower, may curtail growth in the economy while reducing investments on infrastructure and increasing loan funding. It has to be a well thought out plan for it to work, not simply trying to win over the populace. You may have heard Cabinet secretary for transport and infrastructure complain about lower budget allocation for his ministry that may have impact on the standard gauge rail, dredging of Mombasa port, lapsset, etc. Then again, I know tax cuts can boost a citizen's cost of living and enhance consumer spending. It's a balancing act this one that requires more of thought and less of emotions.

where are we on the Laffer's curve?on the other side lower taxes can result to more tax being collected since tax evasion might reduce but this will go hand in hand with ensuring that evasion is at a minimal...
possunt quia posse videntur
KulaRaha
#25 Posted : Thursday, May 30, 2013 4:41:20 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
simonkabz wrote:
maka wrote:
McReggae wrote:
The legislatures now threaten to reduce taxes for Kenyans, slash budgets for CIC, SRC by 57% to 'teach' President a lesson for supporting salaries reduction

Applause Applause Applause Applause

what crop of human beings are this?


The crop of leaders that Raila wanted to head the nation in the form of a PARLIAMENTARY SYSTEM!


You need to stop living in the past...the bogeyman is gone, you need to find someone else to blame for voting badly.
Business opportunities are like buses,there's always another one coming
XSK
#26 Posted : Thursday, May 30, 2013 4:42:19 PM
Rank: Veteran

Joined: 12/8/2009
Posts: 975
Location: Nairobi
simonkabz wrote:
If they reduce taxes, SRC should reduce their salaries further!


That will be very nice.
You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
streetwise
#27 Posted : Thursday, May 30, 2013 4:53:54 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Just gotten a brain wave. The mps can make more money or the same by reducing taxes for the highest paid Kenyans in which bracket they fall. See 10% taxation for those earning over ... can result to a 20% increase in the net. and make it flat calculations. I hope they are listening on this.

Magigi
#28 Posted : Thursday, May 30, 2013 4:53:56 PM
Rank: Elder

Joined: 3/31/2008
Posts: 7,081
Location: Kenya
KulaRaha wrote:
simonkabz wrote:
maka wrote:
McReggae wrote:
The legislatures now threaten to reduce taxes for Kenyans, slash budgets for CIC, SRC by 57% to 'teach' President a lesson for supporting salaries reduction
Applause Applause Applause Applause

what crop of human beings are this?

The crop of leaders that Raila wanted to head the nation in the form of a PARLIAMENTARY SYSTEM!

You need to stop living in the past...the bogeyman is gone, you need to find someone else to blame for voting badly.

...People should stop looking for scapegoats for their failures. Raila accepted and moved on...He is not the head of the government and so there is no parliamentary system.
seppuku
#29 Posted : Thursday, May 30, 2013 5:58:13 PM
Rank: Veteran

Joined: 5/11/2010
Posts: 918
maka wrote:
McReggae wrote:
The legislatures now threaten to reduce taxes for Kenyans, slash budgets for CIC, SRC by 57% to 'teach' President a lesson for supporting salaries reduction

Applause Applause Applause Applause

what crop of human beings are this?


Ask one George Carlin.
Learn first to treat your time as you would your money, then treat your money as you do your time.
MaichBlack
#30 Posted : Thursday, May 30, 2013 5:58:33 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,932
KulaRaha wrote:
simonkabz wrote:
maka wrote:
McReggae wrote:
The legislatures now threaten to reduce taxes for Kenyans, slash budgets for CIC, SRC by 57% to 'teach' President a lesson for supporting salaries reduction

Applause Applause Applause Applause

what crop of human beings are this?


The crop of leaders that Raila wanted to head the nation in the form of a PARLIAMENTARY SYSTEM!


You need to stop living in the past...the bogeyman is gone, you need to find someone else to blame for voting badly.

Guys, guys, guys!!! Don't catch feelings!!! @simonkabz has a point - on the parliamentary system! I have always wondered what kind of country we would have if we had a parliamentary system!!! We are better off with a presidential system by far. Most MPigs are imbeciles!!! Apart from the salary demands, they have had a miriad of demands from I don't know how many body guards, cars, loans, allowances etc. Can you imagine if the was no executive arm! No president. What MPigs decide is final!!! tungeona cha mtema kuni!!!

Of course Raila has been and still is the biggest proponent of the parliamentary system. And he does not hide it! Now, what is wrong with @simonkabz pointing that out?
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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