Hello, Just curious here... What is the income tax rate in your country (both personal and corporate)???? Many thanks!!!
It's progressive, the more you make the more they steal, percent-wise. From each according to his abilities, to each according to his needs. It only applies to socialists though, if you are anti-social you pay nothing
I agree with you. Socialist tax rates are detrimental to human society in many cases. It makes people who are capable less motivated and therefore a less tax base for the country... Flat tax works the best. What country do you live in???
depends on what you make and any dependants here in the US..for poverty ridden ppl like me,its about 28% for personal
Around 1/3 of all I make goes to the government. Quite a price to pay for a majority of benefits I don't receive.
U.S. I am not sure I'd support flat tax or any form of income tax at all. We did quite well when Congress sold income tax to public in 1913, most people could afford to own their house free and clear and women didn't have to work, etc.
thats if you look at it that way. if your making a good amount of money in the first place it looks like they are taking alot of money from you and even if you arent it still looks like you are having alot of money taken away from you taxes or taxes we should all just get over it
A flat tax benefits the upper class in America. The current system is progressive, which is why when there are tax cuts, "the rich" get the lion's share. A flat tax would be a regressive tax system, like sales tax. Many think a flat tax will help "the poor," but it could actually hurt them.
Progressive tax rate here in Germany! Germany has among the highest tax rates in Europe. Monthly income exceeding ~400 Euro is taxed heavily (min. that I've paid was 25%, max was almost 45% even on my modest student income)
The Netherlands actually is one of the highest in Europe. 52% if you make over 50,000 euro a year. All the rates are here: www.worldwide-tax.com
Wow, I hope you get a lot of good services in the Netherlands. 52% top tax rate plus 19% VAT means that when you buy something the govenment has taken 71% of your income. To buy paint set and canvas for 100 euros you have to sell it for 344 euros just to break even. No wonder van Gogh was so depressed!
It is interesting how some countries have low taxes while many have high taxes. How does the spending side on the government end differ?? Do people in high tax countries really get more? Does that "welfare state" concept still exist today? Is that good or bad? Many thanks!
Here in the US, income tax money mostly goes to wars and financial support of Federal Reserve shareholders. If you belong to wrong religion, you also have to pay so-called 'Social Security' tax, which is mostly spent by Congress to fund their re-election compaigns.