𝗧𝗶𝗻𝘂𝗯𝘂 𝗧𝗮𝘅 𝗥𝗲𝗳𝗼𝗿𝗺 𝗶𝘀 𝗲𝘃𝗶𝗹. 𝗗𝗼𝗻‘t 𝗟𝗲𝘁 𝗽𝗮𝗶𝗱 “𝗲𝘅𝗽𝗲𝗿𝘁𝘀” 𝗱𝗲𝗰𝗲𝗶𝘃𝗲 𝘆𝗼𝘂. . Here’s why👇 The long and short of Tinubu tax law is about 𝐰𝐢𝐝𝐞𝐧𝐢𝐧𝐠 the tax net. Which had always been his obsession. He wants 𝐦𝐨𝐫𝐞 𝐩𝐞𝐨𝐩𝐥𝐞 𝐭𝐨 𝐩𝐚𝐲 𝐭𝐚𝐱 (more tax, more development)—which sounds like a good... idea on paper, but it’s actually a wicked agenda & I will explain. Let’s start with how he planned it. First, he 𝐝𝐞𝐯𝐚𝐥𝐮𝐞𝐝 𝐭𝐡𝐞 𝐍𝐚𝐢𝐫𝐚 —that allowed him to set a tax threshold that will make almost 𝐞𝐯𝐞𝐫𝐲𝐨𝐧𝐞 𝐢𝐧 𝐍𝐢𝐠𝐞𝐫𝐢𝐚 𝐞𝐥𝐢𝐠𝐢𝐛𝐥𝐞 𝐭𝐨 𝐩𝐚𝐲 𝐭𝐚𝐱. The old tax band had a threshold of 600k for the first tax, and 𝐲𝐨𝐮 𝐰𝐞𝐫𝐞 𝐨𝐧𝐥𝐲 𝐩𝐚𝐲𝐢𝐧𝐠 𝟕%. After Tinubu devalued the naira, that 𝟔𝟎𝟎𝐤 𝐩𝐫𝐞-𝐓𝐢𝐧𝐮𝐛𝐮 𝐢𝐬 𝐧𝐨𝐰 𝐞𝐪𝐮𝐢𝐯𝐚𝐥𝐞𝐧𝐭 𝐭𝐨 𝟏.𝟐𝐌 𝐝𝐮𝐫𝐢𝐧𝐠 𝐓𝐢𝐧𝐮𝐛𝐮. You have to understand 800K Tinubu threshold is an equivalent of 400k before Tinubu. So effectively, 𝐡𝐞 𝐥𝐨𝐰𝐞𝐫𝐞𝐝 𝐭𝐡𝐞 𝐭𝐡𝐫𝐞𝐬𝐡𝐨𝐥𝐝 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐬𝐮𝐫𝐞 𝐦𝐨𝐫𝐞 𝐩𝐞𝐨𝐩𝐥𝐞 𝐩𝐚𝐲 𝐭𝐚𝐱. That’s exactly what he has done. Think about this as 𝐩𝐚𝐲𝐢𝐧𝐠 𝟏𝟓% 𝐭𝐚𝐱 𝐨𝐧 𝐚𝐧 𝐚𝐧𝐧𝐮𝐚𝐥 𝐢𝐧𝐜𝐨𝐦𝐞 𝐨𝐟 𝟒𝟎𝟎𝐤 during Buhari. That’s exactly what Tinubu has done. And they are 𝐩𝐚𝐲𝐢𝐧𝐠 “𝐞𝐱𝐩𝐞𝐫𝐭𝐬” 𝐭𝐨 𝐝𝐞𝐜𝐞𝐢𝐯𝐞 𝐲𝐨𝐮 because they know that most of you are not economically literate. Like I said, widening tax net may sound like a good idea, but why are you widening tax net 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐩𝐞𝐨𝐩𝐥𝐞 first? Why are you bent on taxing people you already made 3 times poorer? 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐰𝐢𝐜𝐤𝐞𝐝𝐧𝐞𝐬𝐬, no matter how anyone tries to whitewash 𝐓𝐢𝐧𝐮𝐛𝐮 & 𝐡𝐢𝐬 𝐈𝐌𝐅 𝐦𝐚𝐬𝐭𝐞𝐫𝐬. They are evil.show more

Biggest Mack

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