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# Political Ocean's 11

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### #821 Volourn Posted 02 November 2017 - 09:08 AM

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"only 40%? "

L0L

Holy hell.

'only'

WE HAVE A LIVE ONE HERE, FOLKS.

O.N.L.Y.

### #822 Sharp_one Posted 02 November 2017 - 09:18 AM

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I don't know about your EU taxes, are you also subject to a marginal tax rate or do you pay 103% on the whole thing?

I guess it varies by country

Let me summarize this way:

1. My company made a profit which I must pay tax.
2. I pay myself from that money and I need to pay tax + healthcare + social.
3. When I buy something from the money left I need to pay VAT (value added tax) on everything I buy.
4. Some underage schmuck who lives with his parents tells me I don't pay enough.

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### #823 ShadySands Posted 02 November 2017 - 09:23 AM

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According to Wikipedia (I know, I know) the top income tax rate in Germany is 45% and is a marginal tax rate

No income tax is charged on the basic allowance, which is €8,354 for unmarried persons and €16,708 for jointly assessed married couples. Beyond this threshold, the marginal tax rate increases linearly from 14% to 24% for a taxable income of €13,469 (€26,938 for married couples). In the subsequent interval up to a taxable income of €52,881 (€105,762 for married couples), the marginal tax rate increases linearly from 24% to 42%. The last change of rates occurs at a taxable income of €250,730 (€501,460 for married couples) when the marginal tax rate jumps from 42% to 45%. The course of the marginal tax rate and the resulting average tax rate are depicted in the graph to the right.

Edited by ShadySands, 02 November 2017 - 09:23 AM.

### #824 Darkpriest Posted 02 November 2017 - 10:02 AM

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I don't know about your EU taxes, are you also subject to a marginal tax rate or do you pay 103% on the whole thing?

I guess it varies by country

Let me summarize this way:

1. My company made a profit which I must pay tax.
2. I pay myself from that money and I need to pay tax + healthcare + social.
3. When I buy something from the money left I need to pay VAT (value added tax) on everything I buy.
4. Some underage schmuck who lives with his parents tells me I don't pay enough.

You forgot about indirect taxes such as excise in fuel, or various other charges hidden in cost price of products you buy and services you pay for.

Not sure how exactly this thing is calculated ("Liberty from tax day") but it shows that on average Polish citizen pays in tax charges over 50% of their total income (the day was on June 9th in 2017) in US it is something like end of April so not that bad in comparison, around 32%

Important note, that it shows average so middle class people (who for some reason are treated as rich bastards) get taxed at least 10% more and the middle class is still considered to earn barely above US minimum wages - like 22k USD a year.)

A person straight out of college can earn 38k quid a year in London and is considered as rather poor.

Edited by Darkpriest, 02 November 2017 - 10:07 AM.

### #825 Guard Dog Posted 02 November 2017 - 10:04 AM

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Wow... And we wonder how the hell the country could be over \$20T in debt and running a 10 year spending deficit of more than 4% of GDP. The people running it can't even balance their own party budgets.

This. This just sticks out to me:

I urged Bernie to work as hard as he could to bring his supporters into the fold with Hillary, and to campaign with all the heart and hope he could muster. He might find some of her positions too centrist, and her coziness with the financial elites distasteful, but he knew and I knew that the alternative was a person who would put the very future of the country in peril. I knew he heard me. I knew he agreed with me, but I never in my life had felt so tiny and powerless as I did making that call.

This is why this two party death trap we are in MUST end. We must accept and vote for an unacceptable and corrupt candidate  because the alternative is an unacceptable and corrupt candidate? When you choose the lesser evil you are still choosing evil. And the real tragedy is it does not have to be this way!

Edited by Guard Dog, 02 November 2017 - 10:14 AM.

### #826 Hurlshot Posted 02 November 2017 - 10:11 AM

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Corporate taxes make some sense within reason because we still need to fund consumer protection agencies. I don't want borax in my food.

### #827 Ben No.3 Posted 02 November 2017 - 10:17 AM

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I don't know about your EU taxes, are you also subject to a marginal tax rate or do you pay 103% on the whole thing?

I guess it varies by country

Let me summarize this way:

1. My company made a profit which I must pay tax.
2. I pay myself from that money and I need to pay tax + healthcare + social.
3. When I buy something from the money left I need to pay VAT (value added tax) on everything I buy.
4. Some underage schmuck who lives with his parents tells me I don't pay enough.

“leftists only appeal to emotions, not facts.”
-the same guy who just listed all of the taxes he has to pay in a matter purely aimed at creating the impression, i.e. emotion, of overtaxation and responds to criticism with nothing but ad hominem.

### #828 ShadySands Posted 02 November 2017 - 10:21 AM

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How did the last corporate repatriation tax amnesty work out? Genuinely curious

I have right of center sites telling me it was the bee's knees and left of center ones telling me the opposite

Edited by ShadySands, 02 November 2017 - 10:23 AM.

### #829 Elerond Posted 02 November 2017 - 10:53 AM

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Simplified version of Finnish income taxation for single individual without kids

Brackets for progressive state income tax

Spoiler

Addition to state income tax everybody pays flat municipality tax 16.5-23% depending on municipality where individual lives

Spoiler

Some examples (all examples use my home municipality's tax rate 19.5%):
Tax rate for income of 10000€ is 0% with basic deductions, meaning total taxes and tax-like charges for the entire year 0.0€.
Tax rate for income of 15000€ is 2.5% with basic deductions, meaning total taxes and tax-like charges for the entire year 366.21€.
Tax rate for income of 20000€ is 8.5% with basic deductions, meaning total taxes and tax-like charges for the entire year 1626.43€.
Tax rate for income of 35000€ is 18.5% with basic deductions, meaning total taxes and tax-like charges for the entire year 6417.01€.
Tax rate for income of 60000€ is 27.5% with basic deductions, meaning total taxes and tax-like charges for the entire year 16353.41€.
Tax rate for income of 100000€ is 35.0% with basic deductions, meaning total taxes and tax-like charges for the entire year 34534.88€.
Tax rate for income of 350000€ is 44.5% with basic deductions, meaning total taxes and tax-like charges for the entire year 155075.43€.
Tax rate for income of 5000000€ is 48% with basic deductions, meaning total taxes and tax-like charges for the entire year 2389324.87€.

Basic deductions consists of things like employment pension contributions and unemployment insurance contributions, which are seen as income deductions when it comes to paying taxes.

VAT in Finland is currently for most goods 24%, 14% for foods and 10% for books, magazines, cultural services and medicine. Alcohol and fuels and some other things have special product specific extra tax.

Edited by Elerond, 02 November 2017 - 11:22 AM.

### #830 Gfted1 Posted 02 November 2017 - 11:10 AM

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Im surprised the food and medicine tax is that high. Here in Illinois:

Illinois’ sales tax rate is 6.25 percent on general merchandise and 1 percent on qualifying foods, drugs, and medical appliances. The tax rate may be higher in some areas because some local jurisdictions are allowed to impose their own taxes.

### #831 Elerond Posted 02 November 2017 - 11:34 AM

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Im surprised the food and medicine tax is that high. Here in Illinois:

Illinois’ sales tax rate is 6.25 percent on general merchandise and 1 percent on qualifying foods, drugs, and medical appliances. The tax rate may be higher in some areas because some local jurisdictions are allowed to impose their own taxes.

Food used to be 17%, but because EU VAT code dictates that there can be only 3 different VAT levels, so that 17% was dropped and food products were moved in lower VAT tier, so it is seen as tax cut, although people are aware that food here is expensive compared to other countries and people complain about it lot, but it don't usually effect on how they vote.

In medicine nearly all prescription drugs are compensated by government, so that 10% is really true for drugs that you can buy without prescription.

### #832 Amentep Posted 02 November 2017 - 12:44 PM

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Closed for Length.