Re:United States Expatriation at an All-Time High
by jusssi on Wednesday August 09, 2017 @08:45AM
(#14968063)
Hi, a Finn here. Everyone here in Finland, including but not limited to the wealthy, feels that they themselves pay too big a share of maintaining the welfare state (while they don't seem to mind if other demographics would end up paying more). So business as usual I guess.
Re:United States Expatriation at an All-Time High
by Nekorosu on Wednesday August 09, 2017 @09:15AM
(#14968385)
Hi. I'm a Russian citizen living in Sweden. I have a work visa.
The income tax is progressive and hits the ceiling of 60% pretty fast. I don't remember exactly but I think it does if your salary is more than 60000 Swedish kronas (around 6000 euros). Universal Health Care is available to everyone who has Swedish ID (I do) and includes higher cost protection for dental services.
Without diving in I can tell Sweden is definitely not friendly to the wealthy but it's very friendly to a lot of people with everyday common jobs with lower and middle level salaries.
Re:United States Expatriation at an All-Time High
by ptr on Wednesday August 09, 2017 @10:27AM
(#14969221)
Au contraire. The high taxes in Sweden are on income (and consumption). Capital gains tax is maximum 30%, the property "tax" is low, and there's no "asset tax."
Re:United States Expatriation at an All-Time High
by Nekorosu on Wednesday August 09, 2017 @11:02AM
(#14969720)
I see. I've interpreted "the wealthy" meaning too narrow and haven't taken in account everything you've mentioned.
Thanks for the info.
Re:United States Expatriation at an All-Time High
by cr1895 on Wednesday August 09, 2017 @08:36AM
(#14967964)
>the rich have to give nearly all of their income back to the state
High-income tax rates are high, but not that high.
Re:United States Expatriation at an All-Time High
by yoz-y on Wednesday August 09, 2017 @08:35AM
(#14967955)
Well, in France we have national celebrities who prefer to take Russian citizenship rather than pay taxes here. So I think we have the most wealthy-unfriendly tax regime in the world.
Re:United States Expatriation at an All-Time High
by sebtoast on Wednesday August 09, 2017 @10:02AM
(#14968892)
Out of curiosity, can you name some of those celebrities? I know Gerard Depardieu moved to Russia, but haven't heard about others. Thanks.
Re:United States Expatriation at an All-Time High
by yoz-y on Wednesday August 09, 2017 @11:06AM
(#14969789)
I know only this one particular case, sorry for the exageration. However thousands of (nameless) millionaires have left france in these past years (according to http://www.lalsace.fr/actualite/2017/04/11/de-plus-en-plus-d...) it was 12000 in 2016, 10000 in 2015 and 6000 in 2014. Not a very good development.
Re:United States Expatriation at an All-Time High
by sebtoast on Thursday August 17, 2017 @02:53PM
(#15039704)
That's a lot of people, thanks for the reply.
Re:United States Expatriation at an All-Time High
by scrabble on Wednesday August 09, 2017 @10:33AM
(#14969308)
That is a major conservative politician talking point. I do not consider it founded in reality, but making it a talking point and an objective does increase political contributions from wealthy sources.
Re:United States Expatriation at an All-Time High
by sergefaguet on Wednesday August 09, 2017 @10:08AM
(#14968967)
See answer above. 80% tax rate is irrelevant if you structure in a way that you don't technically have income.
I'd like to hear more about this. I'm a Canadian, and our conservative politicians are always saying that WE are the most wealthy-unfriendly tax regime in the world, and that it is stifling investment.
And I keep reading about how in Scandanavian countries, the rich have to give nearly all of their income back to the state, but they are impossibly nice people, so they don't mind. Are Sweden, Norway, Finland, and Denmark friendlier to the wealthy AND providing Universal Health Care to their citizens?