Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,152,778 members, 7,817,205 topics. Date: Saturday, 04 May 2024 at 08:11 AM |
Nairaland Forum / Nairaland / General / Politics / If $460,000 Is Tax On Interest, How Much Is Interest And Capital? (326 Views)
$460,000 Forfeiture: Tinubu Qualified To Contest, It Was A Civil Matter - PEPT / Why Tinubu Forfeited $460,000 In US — APC Tells Court / Bola Tinubu Forfeited $460,000 To US Govt For Narcotics Trafficking - Paul Ibe (2) (3) (4)
If $460,000 Is Tax On Interest, How Much Is Interest And Capital? by Vulturereloaded: 11:18am On Nov 10, 2022 |
Lets go by by Keyamos logic on TINUBU'S DRUG CASE. If $460,000 was tax on interest, lets assume its %10 tax, then we assume that the interest is $460,000,000. Now, if interest is also 10% of capital, then the main capital should be $4.6 billion dollars. Imagine a staff of an oil company in Nigeria, paying N500,000,000 tax on interest of N5 billion, on a capital of 5 trillion. 2 Likes |
Re: If $460,000 Is Tax On Interest, How Much Is Interest And Capital? by Ireportlive: 11:21am On Nov 10, 2022 |
Ogbeni atleast learn what a finance and investment company does Compass Finance Chicago LLC invest people's fund In stocks, money market, bonds etc |
Re: If $460,000 Is Tax On Interest, How Much Is Interest And Capital? by Vulturereloaded: 11:42am On Nov 10, 2022 |
Ireportlive: Lol. If you have ever invested a penny in your life, you know that tax on interest is automated. As soon as u receive alert of interest, tax deduction follow. If a bank fails to collect tax on interest, government goes aftet the bank and not the individual. 5 Likes |
Re: If $460,000 Is Tax On Interest, How Much Is Interest And Capital? by gidgiddy: 11:46am On Nov 10, 2022 |
Vulturereloaded: And all this at a time Tinubu told the US authorities that his salary with Mobil waz $2,400 per month! 4 Likes |
Re: If $460,000 Is Tax On Interest, How Much Is Interest And Capital? by Ineedhustle247: 11:50am On Nov 10, 2022 |
It still begs the question Where him get the kind money way generate that kind interest? Interest that could be taxed more than $400k should be atleast be up $1M And Tinubu was on a less than $5k salary as at that time His source of wealth is now more shadier than before 1 Like |
Re: If $460,000 Is Tax On Interest, How Much Is Interest And Capital? by OfficialAPCNig: 12:24pm On Nov 10, 2022 |
Vulturereloaded:
|
Re: If $460,000 Is Tax On Interest, How Much Is Interest And Capital? by Vulturereloaded: 12:47pm On Nov 10, 2022 |
gidgiddy: He was actually making more money than Mobil itself. |
Re: If $460,000 Is Tax On Interest, How Much Is Interest And Capital? by Jokerman(m): 12:48pm On Nov 10, 2022 |
Stop all these eye services. Tinubu was into drugs..... Q.E.D 1 Like |
(1) (Reply)
Lagos Rice Mill Factory (Video) / Why Do You Think Igbo Politicians Are Not Supporting Peter Obi? / Tinubu Trends After Blaming OBJ For Not 'Paying For Corn For Electricity' (video
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 12 |