This is simple maths, based on someone who makes K70,000 salary pa; -(40% income tax + 10% GST + 5% bank fees + 3% PG tax) = K40,600 (52%). Divide by 52 weeks = K780.00.
Living Expenses to match POM standard of living.
Pom 3 bedroom house rent=K870/wk. Car Fuel=K150/wk. Food costs=K150/wk. Power=K15/wk. Water=K5/wk. Gas=K7/wk. Entertainment=K50/wk.
Total expenses=K1,247.00 for 1 week.
Liquid cash after all taxes and charges=K780.00
Personal deficit=K467.00 each week.
[If zero personal income tax: K538.00 will be available each week, therefore there would be no deficit.]
PNG’s personal income tax system is from pre-colonial era and it is designed to take power of our kina away from our people’s pockets. In fact taxes alone is already sending PNG family into deficit. This forces our best-brightest executives to hard working laborers to become beggars and thieves in our own land to make ends meet.
The government makes it legal to steal from her own people through tax laws.
God who created man and understands our needs only asked for 10%, how than man can be better than God to collect more?
The Government steals from the people, the people turn around steals from each other and within the government and in private companies.
Someone has to stop it first, it must be the government, reduce tax to 10% or zero and we will see this country explode in economic activity as we empower millions of people with millions of kina each week. PNGns are not pigs and dogs; they will do much more if the government gives us back power of kina back to people. We will not steal from each other.