Politics › Re: Questions & Answers On The New Nigeria Tax Law by Image123(m): 11:37am On Jan 03 |
mrvitalis: So whose fault is it that minimum wage is lower in dollaes and buy less things?
Minimum wage earners right now would pay tax because it's more than 800k per month
You obviously haven't read the new tax laws Stop showing ignorance boldly. Minimum wage earners are not paying tax. Next goal post? |
Politics › Re: Questions & Answers On The New Nigeria Tax Law by Image123(m): 11:15am On Jan 03 |
mrvitalis: Before APC came to power someone earning 600 dollars paid no tax absolutely zero Lolz, we clearly know what we're doing. The next goal post is whining about 2014. Let me conveniently inform you that the minimum wage was higher in dollars, more than double. Remember? Plus minimum wage earners are currently not paying tax. This your level of hypocrisy and dishonesty is likely paid for and bought? |
Business › Re: Woman Returns ₦330 Million Mistakenly Credited To Her Bank Account by Image123(m): 9:19am On Jan 03 |
i thought i read Aisha Yesufu but discovered this is a future impossible tense. That one has happened to Nigeria for a long time. |
Politics › Re: Questions & Answers On The New Nigeria Tax Law by Image123(m): 9:17am On Jan 03 |
UrVillageChief: I’m Pro-Tinubu but let’s not always play politics with everything because I can see you are already pointing accusing fingers. In a country where the vast majority is unemployed, you have the gut to bring up laws to tax them. It’s not as if we’ve not been paying taxes(VAT) before now. For a poor individual who’s struggling with life and fighting to give himself a better life that the government have failed to provide through doing things like betting (yes, most Nigerian youths are now professional gamblers), scamming, ponzi and many other undignifying channels to make money yet you still want to tax them despite not providing for them what are considered to be the most basic things. In a country where things work and the majority is gainfully employed and independent, paying of taxes would naturally not be a burden to anyone. You said poor men children are fighting the fight of the rich but do you think a rich man would be moved or would complain if you take #330k from his #2.2M as tax?
The real rich people aren’t complaining and that’s what shows they are truly rich and can afford it. Anyone complaining about the laws is truly poor. I am complaining because I, for instance, am making my money without even a single ounce of help from the government, what makes the government think he is entitled to the money he made zero contribution to? And no, I can’t afford to give you a whopping #330k out of my 2.2M, and this, my friend, is an indication that I am one of the masses because a true wealthy individual wouldn’t be moved by that meager sum.
The whole law should be made simple and clear, tax only those you employed. Explain how a poor individual who’s struggling with life and fighting to give himself a better life. Give for instance, how much this poor individual earns, how much he paid as tax last year and how much he's going to pay this year. Thanks mr pro-Tinubu. |
Politics › Re: Questions & Answers On The New Nigeria Tax Law by Image123(m): 9:15am On Jan 03 |
mrvitalis: Do you know the definition of poverty by world Bank? How much per day? Lolz, time to move the goalpost after being corrected, right? After you get stuck unable to explain how much the person earning $600 was paying as tax before, and how much such person is to pay now. We know what we're doing o. We know. |
Politics › Re: 2027: INEC Fixed Feb 20 & March 6th For Presidential And National Assembly Poll by Image123(m): 8:34pm On Jan 02 |
Atiku and Obi's day of weeping again on TV. Who set this thing as Obi port? |
Politics › Re: South East Dev. Commission Has Achieved Nothing With N140bn In One Year- HURIWA by Image123(m): 8:32pm On Jan 02 |
They went to see Lamidi in Sokoto i think that counts. |
Politics › Re: Questions & Answers On The New Nigeria Tax Law by Image123(m): 8:30pm On Jan 02 |
mrvitalis: Yes that's how it's done In the UK 12k pounds are tax free In the US 15k dollars In South Africa over 5600 dollars equivalent are bench marke No, that's not how it is done. You conveniently forgot the main factors, minimum wage and cost of living. "No body earning below 3500 dollars should pay tax in Nigeria none" Comparison of how much you can earn without paying income tax, and minimum wage amounts for the United States, United Kingdom, South Africa, and Nigeria. 1. United States (Federal) Tax-Free Threshold In the U.S., federal income tax does not apply until your taxable income exceeds the “standard deduction.” Single filers: $15,750 Married filing jointly: $31,500 Income up to these amounts is effectively not subject to federal income tax because the standard deduction reduces your taxable income to zero. (Note: Many taxpayers may also owe payroll taxes (Social Security and Medicare) and potentially state/local income taxes.)Minimum Wage The federal minimum wage remains $7.25 per hour. Federal minimum: 7.25 × 40 × ~4.33 weeks ≈ $1,257/month. Let's not remove rent as it will be disastrous.Higher state example (e.g., $15/hr): 15 × 40 × ~4.33 ≈ $2,598/month (Actual depends on location.) Many states and local jurisdictions have higher minimum wages (e.g., around $15–$17+ per hour in places like California, New York, and Washington, D.C.). Note: Additional state/local taxes may apply separately. Initial tax rate after the standard deduction 10%. Most people in the minimum wage bracket are taxed. You can multiply by 12. 2. United Kingdom Tax-Free Threshold (Personal Allowance) Individuals can earn up to £12,570 per year without paying UK income tax. Above this threshold, income tax begins (typically at 20% up to the next band). Approximate monthly tax-free amount: £12,570 ÷ 12 ≈ £1,048/month (before tax starts) Minimum Wage (National Living / Minimum Wage) National Living Wage (21+): ~£12.71/hour. Approximate monthly (assuming 40 hrs/week): 12.71 × 40 × ~4.33 ≈ £2,202/month for adult NLW. (2,961.54 US dollars). Let's not remove rent as it will be disastrous.Younger age bands have lower minimums (e.g., 18–20: ~£10.85/hour). Initial tax rate after the standard deduction 20%. All people in the minimum wage bracket are taxed. You can multiply by 12. 3. South Africa Tax-Free Threshold South Africa uses an annual tax threshold, below which you do not pay income tax: If under age 65: R95,750/year. Approximate monthly tax-free amount: R95,750 ÷ 12 ≈ R7,979/month (if this is your only income, you pay no income tax; amounts above this are taxed progressively). Minimum Wage The national minimum wage is R23.19 per hour. Approximate monthly minimum wage (40 hrs/week): 23.19 × 40 × ~4.33 ≈ R4,016/month. (243.42 US dollars). Initial tax rate after the standard deduction 18% 4. Nigeria Tax-Free Salary Threshold (Personal Income Tax) Under Nigeria’s 2025 Tax Reform Acts, the tax-free (zero income tax) threshold has been substantially increased: Individuals earning up to ₦800,000 per year (556.68 US dollars) will pay no personal income tax. This exemption applies after allowable reliefs and deductions ( including rent relief up to ₦500,000/year and other statutory deductions ). Minimum wage earners (and even slightly above) will be fully exempt from personal income tax under the new system. Context: Prior to this reform, Nigeria’s lowest taxable band started at much lower thresholds with progressive rates beginning around ₦300,000/year. Under the new law, the first taxable band only begins above ₦800,000. Minimum Wage The national minimum wage in Nigeria is ₦70,000 per month (effective from May 1, 2024). Approximate monthly minimum wage: ₦70,000/month (this is already the statutory minimum). 584.51 US dollars in a year. This marks a major change intended to relieve low- and middle-income earners in Nigeria and simplify the tax system. Initial tax rate after the standard deduction 15% |
Politics › Re: Prepare For Eventual Exit From Nigeria' — OYC Tells SE In New Year Message by Image123(m): 7:29pm On Jan 02 |
Is this the next set of farmers to milk the gullibility of many in the SE?
Abido shaker, e shock you?
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Travel › Re: How Do I Migrate To St. Lucia As A Nigerian? Study Or Work Visa? by Image123(m): 3:51pm On Jan 02 |
omoredia: Haha u voted for Tinubu now u want to run. Evil doers How can someone that claimed has been in Cameroon for 5years vote Tinubu? Do you guys think at all, or so blinded by hatred. Going by his previous posts though, he seems to live in Abuja, he is Igbo, and hardly discusses politics aside for one anti Tinubu remark before the previous election. |
Politics › Re: Questions & Answers On The New Nigeria Tax Law by Image123(m): 2:32pm On Jan 02 |
herald9, permit me to understand you properly. i understand you've been banned for inability to properly express yourself like an educated person. Are you saying only people employed by the government should be taxed? |
Politics › Re: Questions & Answers On The New Nigeria Tax Law by Image123(m): 2:25pm On Jan 02 |
SixSeven: I just need to break this down here because what you don't understand you will keep being misled.
A tax is money the government collects from people, businesses, or things you buy, to pay for public services like roads, schools, hospitals, and electricity.
Many Nigerians think only people with salaries pay tax because income tax (PAYE) is very visible, it comes straight off your paycheck. But in reality, everyone pays indirect taxes whenever they buy goods, fuel, food, use electricity, phone, or travel. The “hypocrisy” comes from the fact that government talks about income tax more because it’s easy to track, while indirect taxes are hidden in prices, so it feels like the poor or informal workers aren’t paying anything when they actually are.
What annoys me is the japa people that go abroad and yap about taxes. They want Nigeria to have the same western style. If you play with taxes abroad, you'll be shown the way out in the next election and you should also understand the white man and why he does things in a way. When you understand their history, you'll know why we are not the same.
Some countries really do not charge personal income tax at all meaning residents don’t file annual income tax returns like in the UK/US and don’t pay tax on their salaries. Examples include United Arab Emirates (UAE), Saudi Arabia, Qatar, Kuwait, Bahrain, Bahamas, Cayman Islands, Monaco, Brunei and Vanuatu, among others. These countries still get money for government services through oil, trade, fees, or other taxes, not by taxing individual salaries. Do the maths and tell me one thing in common Nigeria has that some of these countries have. These countries fund government spending through other sources such as oil and gas revenues, corporate taxes, import duties, fees, tourism income or VAT/sales taxes, instead of taxing people’s income directly.
You need to get off this obsession with the west and trying to be like who you are not. This is the miseducation of the average African. Don't forget that in Aba and Ogun State, Women fought the imposition of taxes by the British. Many Nigerians don't even study their history. You should go and read why they didn't want the colonial government collecting taxes from them.
Historically, Western heavy taxation grew partly from scarcity and because they needed money to fund armies, wars, infrastructure, and administrative systems. Land and resources were limited, populations were growing, and scarcity of money made taxes necessary. Scarcity also came from their harsh climates, poor harvests, and limited technology, so the state had to extract more from people to survive and provide basic service, sunlike in some African systems, where wealth was shared communally rather than extracted as formal taxes. When you look at it today, the concept of Black Tax is because in Africa, we share the resources with the rest of us Ubuntu style. Learn why things are the way they are. Today, I see people teaching financial wealth and I laugh when they want us to copy westerners and their form of selfish indiduvual finance.
The day Nigerians wake up to know their rights and why the government cannot just squander their money, they will wake up. Can you intelligently explain how the former tax laws are better than the new? |
Politics › Re: Questions & Answers On The New Nigeria Tax Law by Image123(m): 2:22pm On Jan 02 |
banom: You want to collect income tax from people who have no income?
Tinubu and french president are criminals Lol, evidently you don't know ANYTHING about the tax reform. |
Politics › Re: Questions & Answers On The New Nigeria Tax Law by Image123(m): 2:19pm On Jan 02 |
mrvitalis: You want to tax income on people who earns less than 600 dollars per year
When poverty lines is 3 dollars or 1095 dollars per year
No body earning below 3500 dollars should pay tax in Nigeria none Is that how you heard it's done in saner clime, or that's what that lambarism croner promised you? Can you intelligently say how much the person earning $600 was paying as tax before, and how much such person is to pay now? All these ignorance over what? |
Politics › Re: Questions & Answers On The New Nigeria Tax Law by Image123(m): 2:15pm On Jan 02*. Modified: 5:40pm On Jan 02 |
You can't easily wake a man pretending to sleep. Most of the people don't want to understand it. They want it to fail, they want to use misinformation to see if it can fail, or if they can cause problems or riots with it. Poor man pikin dey middle dey fight for big man tax. Dangote companies paid over N450billion tax in 2024.
Otedola firms paid over N40billion ( verifiable one )
Abdulsamad companies paid over N50billion.
Emeka Offor.... Tony Elumelu,.... Moniepoint, OPay, Wale Adenuga among others pay taxes in tens of billions of Naira annually...
Without them Nigeria economy will collapse.
Everyday they give President Tinubu thumbs up for the adequate utilization of their tax....
But those who don't have more than N500 in all their bank accounts combined And stay online all day from celebrity giveaways Are the ones complaining of being overtax....
Those who are liability to Nigeria are the empty barrels online on tax reforms.
FG of Nigeria survives on the tax of Nigeria billionaires not peasants...
The reason the new tax law seeks to remove all the peasants in Nigeria from paying shishi as tax, So that the billionaires evading tax don't use them as anti tax crusaders....
Mr President should set up an agency to display the account statement of anyone complaining of being overtax to expose the liabilities Nigeria should Dis-Nationalize...
Those Empty barrels that deserved dis-nationization are the reason |
Politics › Re: EFCC, NCOS Officials Clash In Court Over Ex-agf Malami by Image123(m): 2:14pm On Jan 02 |
chaerman: Everyone wants to show him shege, it shows how evil his handiwork was Do you really need to be told what is happening? It seems you are not a Nigerian. You dunno what's going on. |
Politics › Re: EFCC, NCOS Officials Clash In Court Over Ex-agf Malami by Image123(m): 2:10pm On Jan 02 |
Look at the way he's dressed like their chairman. BTW, why do Efcc officials cover their nose as if corrupt people are smelling? Why the pretense na. |
Christianity Etc › Re: Name Of God In Aramaic, The Language Spoken By Jesus by Image123(m): 6:19pm On Jan 01 |
Kobojunkie: Prove something? 🥱🥱🥱
Why would I be thinking of that which I am 100% certain you are incapable of? Just pointing out that you are just as deluded as those whom you perceive to be the complete opposite of where you are. All religions and traditions are political scams! 🥱🥱 you would have to do a better job proving they exist before anything else🥱🥱🥱🥱🥱🥱 Enjoy the misery of not being scammed, while i enjoy decades of being scammed and a glorious future in Heaven.  |
Christianity Etc › Re: Name Of God In Aramaic, The Language Spoken By Jesus by Image123(m): 6:05pm On Jan 01 |
Kobojunkie: All of your so-called miracles are experienced daily by those who don't buy into your religious delusions. Religion(along with the many other delusions that go with it) was never a requirement for miracles. The information age has at least exposed that much. 🥱🥱
As for the other unverified benefits you claim your religion gives you-- even after billions of lives have come abd gone,there remains not a pinch of proof that the delusions are nothing but that-- you would have to do a better job proving they exist before anything else. 🥱🥱🥱
Will you continue to live burdened down by religion or continue to weigh yourself down with it? That remains a choice for you to make. 🥱🥱 What a bore. She thinks i am here to prove something to her. Keep enjoying the misery you keep yourself in dear. |
Politics › Re: Atiku Abubakar's New Year Message To Nigerians by Image123(m): 6:03pm On Jan 01 |
OLADD: But if it was written by anyone you worship, it would have been the greatest new year message. God does not condescend so low, He says my kingdom is not of this world. Be guided. |
Nairaland General › Re: Happy New Year And Welcome To 2026! by Image123(m): 3:27pm On Jan 01 |
DeepSight: + Are you still broke after spending so much energy licking the behind of the frog in the rock? Blessed are the poor.... i dey broke in spirit. i am asking Seun on your behalf. |
Christianity Etc › Re: My Open Letter To Bishop Oyedepo – Fatoyinbo’s Recklessness by Image123(op): 3:25pm On Jan 01 |
atheistconverta: So says the same person who was deceived by the mammon gospel, that's produced many thieves, rapists, fraudsters, ritual killers and false prophets as Fatoyinbo who consequently had the audacity to compare himself to an Ayo Babalola, lol.
I been think say your eye don clear when same you started calling out the same David Oyedepo after seeing the result of the mammon gospel we've been preaching against since that you've been attacking us for.
But it appears that your spiritual blindness is a special case that requires a miraculous intervention to cure. You're clearly hallucinating. Are you in a fasting programme? |
Nairaland General › Re: Happy New Year And Welcome To 2026! by Image123(m): 3:22pm On Jan 01 |
Okay, thanks for the wishes. Remains money. Givers never lack. You see as Elon start dey give people money for X, he no poorer. Thank you for your attention to this matter.  |
Foreign Affairs › Re: 40 Dead, 100 Injured In Switzerland As Explosion Rocks Ski Resort (Photos) by Image123(m): 12:38pm On Jan 01 |
Nigeria, is that you happening to people in Switzerland? SMH |
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Christianity Etc › Re: Name Of God In Aramaic, The Language Spoken By Jesus by Image123(m): 12:31pm On Jan 01 |
The funny thing is that most people with these sort of dumb arguments are empty. No salvation, no sanctification, no Holy Ghost, no miracles, nothing. Only funny empty arguments like every other person. |
Politics › Re: The Real Reason Governors Are Running To APC. It’s Not About Tinubu by Image123(m): 12:26pm On Jan 01 |
What a dumb logic to enter the new year with. |
Politics › Re: Fubara: We ‘ll Soon Reveal Agreement Reached Before Tinubu To Rivers People—wike by Image123(m): 12:23pm On Jan 01 |
Well, agreement is agreement if it's not disobedience to God or the constitution. Fubara should have learned enough by now, except they are acting a script like that one in Kaduna. |
Politics › Re: Atiku Abubakar's New Year Message To Nigerians by Image123(m): 11:48am On Jan 01 |
Omo, na new year message be this? Political desperation fit wound people for we country oh. |
Politics › Re: Senator Godiya Akwashiki Dead by Image123(m): 11:44am On Jan 01 |
KnownUnknown: Nigeria happened to him but India tried to save him. Your ignorance is legendary, hundreds of thousands of people die all over the world every day. Billions of them have never been to Nigeria. |
Sports › Re: Anthony Joshua Discharged From Hospital by Image123(m): 10:55am On Jan 01 |
meditator: why not thank the God that created Jesus? Thank You Jesus. |
Politics › Re: Senator Godiya Akwashiki Dead by Image123(m): 10:53am On Jan 01 |
When people die in Nigeria, they say Nigeria happened to them. Maybe India happened to this person. |