RE: Is It Too Late to Save Precious Metals?
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I love ya little gold bean and saving precious metals is a good investment.
I dislike this
from my fellow Muslim friend in Malaysia, that if they hold this status of gold coins, they will have to pay tax (to help the poor, because you are wealthy enough to store gold
Firstly tax is never to help the poor, tax only benefits the people in government.
My reasoning is every country is woking from a debt point of function.
Which means they could borrow to help the poor the govenment is already in world debt so solving the poor people issue could be solved easily.
The tax act in it's self of helping the poor is not accurate regardless of the lies spun by rich government officials.
Isn't it funny our countries are in debt, we have poor and homeless on our streets yet everyone that works in government positions are rich although the country is broke.
Someone needs to make it make sense.
Regardless collect your gold, love the post, great to see you alive and thriving
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Totally agree. But what can I say? Their faith requires it.
Oh, by the way, the tax I believe is a religious tax, like tithe for Christians, but in Malaysia there's law bound to theirs, if I understand correctly. Because of the Shariah law (that I think is above the secular law for their believers)
Ah i understand
@littlenewthings
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Oh I also got to know that if they pay this sort of tax that is supposed to reserved to help the poor, they don't have pay much tax (deductable) annually when there is a recalculation.
The poor people's fund includes medical fees that the poor family cannot pay for the sick patient family member.
(If the patient dies in the general hospital, the hospital will absorb most of its spending through government aid from income tax from the public if I get it right)
It is no different here in Canada, the Government only enrich themselves under veil of helping the poor, but they continue to get poorer and more numerous. The Christian Bible says,God loves a 'cheerful giver' and not out of obligation or under compunction but rather out of love. There are poor already among my neighbors, people that I know are struggling. How could I not help a neighbor I love?
Yeah, but I just got to know about the Shariah law a tiny bit better from my colleague in Malaysia, the tax is a religious tax for the poor (supposedly) and it can be used to relief income tax.
They must keep the receipt because it is an annual recalculation.
In Malaysia, Christian tithes are not recognised by the government hence there is no tax exemption; but any elderly above 65 gets free medical from general hospitals because of the concept of taking care of the old in medical expenses (but family members must bear taking care of them personally should they are hospitalised unless in need to work or a caregiver to another elderly at home like me in my recent case of my dad's hospitalisation due to septic shock from blood infection)