It's better to be a high income earner in Jamica

Studies have revealed that the people in Jamaica that earn USD $1.5 million per annum is taxed at a lower rate in comparison to those who earn in the same category or income bracket in other countries in the world. People in Dubai take home a 100% of their pay or income. While the US and Canada are among the lowest in terms of taxing people of a higher income bracket.

 

I wonder why it favors the rich, well they must have a good reason for why they do that , I believe one of the reasons is to encourage investers, which is a good way to attract the rich to go and invest in Jamaica, if I was rich, I would have gone to invest in Jamica too.

 

Hmmm...strumming my fingers on the table whilst in deep thought...if only i had sacks full of money, i'd be on my way to Jamaica this minute...world's greatest investor!...its good to dream once in awhile ...wait a minute, Dubai doesn't tax its workers?...that's new news!

 

While that would be one way of wooing investors I think the reason those who earn a lot of money pay less taxes is because it's claimed that they pay most of the taxes. Here's how one person tried to explain it:
http://www.thenewamerican.com/usnew...ich-pay-most-of-the-taxes-the-poor-get-checks

Whether that's the truth or not, fact is rich people create most jobs. Those who are employed will pay taxes with the cash they make from the rich man. And then they pay business tax and . . . income tax. Isn't fair it fair that their tax rates be lower?

Oh . . . but investing in Jamaica sounds tempting.

 

It is better to be a high income earner anywhere on earth!
It appears you are comparing apples and oranges.
I would rather live in the US than in most any other country.
None of those countries have the burden of supporting a vast military. They do not have taxes taken to support a crumbling infrastructure. They are not saddled with educating their general public. Those countries often do not have to support hospitals that care for the general public. Those countries do not protect their citizens with an adequate police force.
Do any those aforementioned countries thrive or have a life expectancy similar to these United States? Are their citizens as literate as Americans? Can their most wealthy citizen freely and anonymously walk down a crowded city street without being attacked?
If Ebola struck their country, how many would survive?

 

OK, so I am just now packing my bag to Jamaica or eventually Dubai lol. I think that most countries do tax us alot, something unusual is happening in these two.

 

Yeah, standard of living is much more important than tax rates. It is like moving to a third world country and being ´well-off´... who cares, you are still living in a third world country. Also about Dubai.. good luck making money there.. sure you would pay no taxes, but how would you make a living and what are the costs of living to be there.

There is a reason the USA has an immigration problem...

 

The thing about Dubai is that whilst there are no taxes, the cost of living is high. Also bear in mind that, as an Islamic country, most workers would be giving 10 per cent of their income to the mosque. Jamaica, though...as a UK resident who is currently freezing cold, I am hugely tempted! Although day to day living in Jamaica is of a pretty poor standard and certainly a massive drop compared to how we generally live in the UK and US. It isn't a case of Jamaica favouring the rich, it's just that the taxes paid on income over a certain amount are lower compared to those paid in other countries.

 

No one is happy about paying high taxes, however I think that a fair argument must take into account what we receive from the government in return for the taxes we pay. I would rather live in the U.S. and pay what we are asked to pay rather than live in a handful of other countries. Even a beautiful island like Jamaica can't convince me otherwise.