There are just too many taxes. Many people think they can not be rich because of the taxes.
Your salary is taxed.
You use your salary to buy goods and the goods are imposed vat or sales tax
You buy real property, and a real property tax is paid yearly
When you sell the real property or stocks, you pay capital gains tax. In PHL, you pay it
whether you gained or not
When you die, your heirs pay estate or inheritance tax
