Re:Pooling and Sharing of wealth make everyone's wealth grow...
by vidarh on Saturday September 02, 2023 @10:47AM
(#37362001)
> and total taxation can be as high as 60-65% (with VAT and local laws [homes, car, fuel])
If you earn enough for this to be even a possible scenario, you either live somewhere where it's easy to move across a border to change it (Belgium and Germany are massive outliers; especially Belgium) while staying in Europe, and/or earn enough that you can easily plan your way out of paying that much. (3rd alternative: you confuse marginal and effective tax rates, which is scarily common)
If you earn enough for this to be even a possible scenario, you either live somewhere where it's easy to move across a border to change it (Belgium and Germany are massive outliers; especially Belgium) while staying in Europe, and/or earn enough that you can easily plan your way out of paying that much. (3rd alternative: you confuse marginal and effective tax rates, which is scarily common)
It's a problem for the top ~1%-2%.