Re:The rich shouldn’t feel like the enemy’: Is New York turn...
by titzer on Tuesday April 06, 2021 @09:28AM
(#26711491)
Also, VAT is high in Germany.
Re:The rich shouldn’t feel like the enemy’: Is New York turn...
by iso1631 on Tuesday April 06, 2021 @04:21PM
(#26716894)
Who pays vat? Less than 10% of my monthly outgoings are on VATTable things, and most of that expenditure is because I bought a new car rather than a second hand one.
Re:The rich shouldn’t feel like the enemy’: Is New York turn...
by cwhiz on Tuesday April 06, 2021 @12:56PM
(#26714308)
Based on that chart, the effective tax rate is not near 42%. It actually appears to be closer to 31-35%, which is almost exactly what the $100k person in NYC would pay.
I think the issue that most non-US citizens fail to realize or comprehend is that most people in America don't pay any tax at all. The labor participation rate is 61.5% and then half of the people that do work still don't pay any effective taxes due to all the credits and deductions. A minority of earners support the entire tax base.
...and then, of course, we frivolously waste the revenue we do generate.
Re:The rich shouldn’t feel like the enemy’: Is New York turn...
by titzer on Tuesday April 06, 2021 @02:38PM
(#26715613)
I am a US citizen, and I've lived abroad. Americans are being fleeced, and the entire mindset is that infrastructure is a cost, rather than an investment. It's crazy that we spend so much on "defense". The words of Eisenhower's parting address were not heeded.
But, regardless. If I were in charge I would fire the entire management of Amtrak and all Metro rails and just put the Germans, Swiss or Japanese in charge of it.
https://en.wikipedia.org/wiki/Taxation_in_Germany#/media/Fil...