Is This True Socialism?
21. Feb, 2010 
6 Comments
Introduction Like most of the Middle East states the Bahraini Government receives most of its revenues
from the oil industry.
Tax Year Not applicable.
Assessment Basis Not applicable, there is no requirement to file income tax returns.
Income Tax There is no income tax per se in Bahrain but in June 2007 the Bahraini Government
introduced a 1% ‘social insurance tax’ on the salaries of both Bahraini nationals and
expatriates living in the state to help fund unemployment benefits for all workers.
Taxation of
Investment Income
There is no withholding tax in Bahrain.
Tax on Property Rental
Income
There is no tax on rental income in Bahrain.
Wealth Taxes There are no wealth taxes in Bahrain.
Capital Gains Tax There is no capital gains tax in Bahrain.
Inheritance and Gift Tax There is no inheritance tax in Bahrain.
Regional and Municipal
Taxes
A municipal tax is payable by individuals or companies renting property in Bahrain. The rate
of the tax varies according to whether the property is unfurnished residential property,
furnished residential property or commercial property.
Property Taxes There are no property taxes in Bahrain.
Stamp Duty/Transfer Tax There is no stamp duty in Bahrain.
Sales Tax The only sales tax is one on gasoline, which is levied at a rate of 12%.
Social Security
Contributions
Employers who employ more than 10 employees, irrespective of their nationality, must pay
up to 10 percent of the employee’s gross income to social welfare taxes. The employer’s
contribution is split:
No, that has absolutely nothing to do with socialism. Socialism is ownership and control of the means of production and the distribution of goods by the workers themselves. These are oil sheiks, with servants who probably working on slave wages and in slave conditions. This is an oligarchy with some social nets for the oligarchs who screw up or whose money runs out before they die.
That sounds like a tax-free heaven
No. Flat taxes are a conservative scam, and sales taxes, whether on gasoline or anything else, are regressive. This is more like a fascist state in those respects.
No. Not even a hint of socialism
Who rated me a thumbs down? What else do you want me to say?
no this is not. but what we have here in the U S is only the rich is getting the tax payer money while sucking us dry on the ware they sell to us and our government keep it all going and we keep putting the same jerk who f u c k i n g us raw and telling us they doing the work of the people. you want socialism. just look what big business get and the 35000 lobbyist get in our tax dollars every year. oil, drugs, banks, insurance, auto,home builder, seed makers all get tax dollars and all charge you up the a s s for thee product. now this is socialism. when will the people of this country will wake up. our government is not our friend. even Wal mart keep ALL sale tax money to get richer. this is insane
Whew, thats right!
Lets not forget about those evil liberal socialist…pbbbttt
They and their evil santan spawn, Jewish sponsored, gay lovin’ Muslim leader Obama are up to some very complicated stuff! *snicker*
Why, I bet right now! Obama and Acorn are making closed door deals with terrorist and, Marxist, and those wily islamofasist!!
pppppppbbbbbbbttttt!
ROTFLMAO
Hiking Appalachian Trail indeed!! Bangin’ some Argentinian Tail is more like it!
HA HA HA HA
MAKE IT STOP!!!
I can’t take it any more!!!