Re:The euro has tumbled near parity to the US dollar
by worker_person on Monday July 11, 2022 @06:00PM
(#32062565)
For Federal Income Taxes
* Top 1% pay 48% of all income taxes * Top 5% pay 59% of all income taxes * Top 50% pay 96% of all income taxes * Bottom 50% pay 3% of all income taxes
https://www.ntu.org/foundation/tax-page/who-pays-income-taxe...
Re:The euro has tumbled near parity to the US dollar
by fleddr on Monday July 11, 2022 @06:35PM
(#32063004)
Can you clarify what those numbers try to show?
The point I made is that I don't expect a "lot of braindrain" from Europe and that this concerns a tiny percentage willing to move to the US. What is the relation with the tax revenue you shared?
Sure enough, if you take the small percentage of extreme tech talent or very entrepreneurial employees, many in that group might consider taking their business to the US.
But how much is that really? 1%? 5%? Can't be much more. So, 95-99% don't...hardly a brain drain.
The other thing Americans can't seem to comprehend is that not everybody is a dollar-chaser. For the typical European, if they have a decent quality of life and some reasonable disposable income, they are satisfied.
Bread and games as they say.