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A comment on Italy proposes tax on savings hidden in safety deposit boxes. Parent comment

Re:Italy proposes tax on savings hidden in safety deposit boxes by jankotek on Friday June 14, 2019 @09:50AM (#20182964)
I recall income tax over 110%. It was author in scandinavian country.

70% is pretty normal if you count all compulsory insurances.

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Re:Italy proposes tax on savings hidden in safety deposit boxes by oarsinsync on Friday June 14, 2019 @09:54AM (#20182990)
That seems unlikely. Work and earn 100, and owe the government 110; or dont work / earn 0, owe the government 0?

Being net negative for productivity is literally counterproductive.

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Re:Italy proposes tax on savings hidden in safety deposit boxes by jankotek on Friday June 14, 2019 @09:59AM (#20183038)
https://skeptics.stackexchange.com/questions/15235/did-swedi...
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Re:Italy proposes tax on savings hidden in safety deposit boxes by scott_s on Friday June 14, 2019 @10:16AM (#20183191)
The accepted answer explains why that is not a tax over 100%.
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Re:Italy proposes tax on savings hidden in safety deposit boxes by jules on Friday June 14, 2019 @10:12AM (#20183147)
That's marginal tax rate. Many people pay an effective marginal tax rate of more than 100% if you include government programs like social housing. In fact, when you earn around €2200/month here, it is possible to end up with net less than if you don't work at all, due to various programs.
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