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Peoples Budget 2014
Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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nakujua wrote:McReggae wrote:@Admin please hii ni budget thread yetu ya massufferers, usiipeleke huko kwa wadosi!!!!!  , huko ni kunoma - lakini hata hapa kwa ma-sufferer I can see the university language creeping in sasa CGT ni nini? Check Post #2 
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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simonkabz wrote:McReggae wrote:KulaRaha wrote:CGT never, the greedy thieves will not allow it. They will find some way of taxing us poor people. That is the bottom line, they will always want to tax the poor coz of the numbers!!! Why not revise the tax brackets, long overdue, we have no business taxing guys earning less than 25K, I don't mind taxing 40% of anything above 250K per month!!! I thought any salary above 30k gets a massive slap of 30% income tax/PAYE. Na hakuna huruma. 30% starts from around 38K, I propose that it starts from 60K, from 150K 35% and from 250K 40% ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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Huyu admin anakuanga na madharau ndogo ndogo lakini!!!! ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Let us first contextualize for the "peoples":
Brazil has so far spent an amount equivalent to what Kenya plans to collect in total revenue for a whole year 2014-2015 as to be read today in the 2014/15 year budget to organise the 2014 FIFA World Cup which also kicks off today.
If Kenya can double it's revenue collection and cut wastage through corruption and inefficiency, we can probably host the FIFA World Cup.
Tafakari hayo.
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Rank: Elder Joined: 3/2/2009 Posts: 26,335 Location: Masada
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Rank: Elder Joined: 6/21/2008 Posts: 2,490
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I am trying to return the topic as it was originally but admin has made it un-editable - Hii ni madharau live!!! The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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simonkabz wrote:McReggae wrote:KulaRaha wrote:CGT never, the greedy thieves will not allow it. They will find some way of taxing us poor people. That is the bottom line, they will always want to tax the poor coz of the numbers!!! Why not revise the tax brackets, long overdue, we have no business taxing guys earning less than 25K, I don't mind taxing 40% of anything above 250K per month!!! I thought any salary above 30k gets a massive slap of 30% income tax/PAYE. Na hakuna huruma. Simonkabz, do you really pay income tax/PAYE? It is anything above 38,892 that is taxed at 30%. My suggestion on income taxation 0-30K taxed at 0% 31-50K is taxed at 10% 51-70K-Taxed at 15% 71-90K taxed at 20% 91-110K taxed at 25% 111-130K taxed at 30% 131-150K taxed at 35% 151-170K taxed at 40% 171-190K taxed at 45% above 191K taxed at 50% corporate tax rate should go down to 20% Increase VAT to 25% This will stimulate savings and spending.For anyone who stepped in an economy class will realise the effects of savings and spending in an economy If Obiero did it, Who Am I?
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Rank: Elder Joined: 10/23/2009 Posts: 2,375
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Swenani wrote:simonkabz wrote:McReggae wrote:KulaRaha wrote:CGT never, the greedy thieves will not allow it. They will find some way of taxing us poor people. That is the bottom line, they will always want to tax the poor coz of the numbers!!! Why not revise the tax brackets, long overdue, we have no business taxing guys earning less than 25K, I don't mind taxing 40% of anything above 250K per month!!! I thought any salary above 30k gets a massive slap of 30% income tax/PAYE. Na hakuna huruma. Simonkabz, do you really pay income tax/PAYE? It is anything above 38,892 that is taxed at 30%. My suggestion on income taxation 0-30K taxed at 0% 31-50K is taxed at 10% 51-70K-Taxed at 15% 71-90K taxed at 20% 91-110K taxed at 25% 111-130K taxed at 30% 131-150K taxed at 35% 151-170K taxed at 40% 171-190K taxed at 45% above 191K taxed at 50% corporate tax rate should go down to 20% Increase VAT to 25% This will stimulate savings and spending.For anyone who stepped in an economy class will realise the effects of savings and spending in an economy How can you save and spend at the same time? It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt...
-Mark Twain
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Rank: Elder Joined: 5/26/2009 Posts: 1,793
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bkismat wrote:Swenani wrote:simonkabz wrote:McReggae wrote:KulaRaha wrote:CGT never, the greedy thieves will not allow it. They will find some way of taxing us poor people. That is the bottom line, they will always want to tax the poor coz of the numbers!!! Why not revise the tax brackets, long overdue, we have no business taxing guys earning less than 25K, I don't mind taxing 40% of anything above 250K per month!!! I thought any salary above 30k gets a massive slap of 30% income tax/PAYE. Na hakuna huruma. Simonkabz, do you really pay income tax/PAYE? It is anything above 38,892 that is taxed at 30%. My suggestion on income taxation 0-30K taxed at 0% 31-50K is taxed at 10% 51-70K-Taxed at 15% 71-90K taxed at 20% 91-110K taxed at 25% 111-130K taxed at 30% 131-150K taxed at 35% 151-170K taxed at 40% 171-190K taxed at 45% above 191K taxed at 50% corporate tax rate should go down to 20% Increase VAT to 25% This will stimulate savings and spending.For anyone who stepped in an economy class will realise the effects of savings and spending in an economy How can you save and spend at the same time? Individuals save, and investors borrow to spend.
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Rank: Elder Joined: 12/11/2008 Posts: 2,306
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Swenani wrote:simonkabz wrote:McReggae wrote:KulaRaha wrote:CGT never, the greedy thieves will not allow it. They will find some way of taxing us poor people. That is the bottom line, they will always want to tax the poor coz of the numbers!!! Why not revise the tax brackets, long overdue, we have no business taxing guys earning less than 25K, I don't mind taxing 40% of anything above 250K per month!!! I thought any salary above 30k gets a massive slap of 30% income tax/PAYE. Na hakuna huruma. Simonkabz, do you really pay income tax/PAYE? It is anything above 38,892 that is taxed at 30%. My suggestion on income taxation 0-30K taxed at 0% 31-50K is taxed at 10% 51-70K-Taxed at 15% 71-90K taxed at 20% 91-110K taxed at 25% 111-130K taxed at 30% 131-150K taxed at 35% 151-170K taxed at 40% 171-190K taxed at 45% above 191K taxed at 50% corporate tax rate should go down to 20% Increase VAT to 25% This will stimulate savings and spending.For anyone who stepped in an economy class will realise the effects of savings and spending in an economy Yenyewe hii mambo ya tax bands which have not changed in 15 years is a an insult to the hardworking Kenyans. How do you tax a guy earning 10K. This may have made sense 15 years ago but not today when fare from Yols (Kayole) is kindu 100/= Nkt Great men are not always wise, neither do the aged understand judgement...
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