You don’t need to be Elon-wealthy to get those percentages. Over 500 000€/year salary gives you nice 50% tax bracket. You absolutely are not poor if your taxes are that high, but you don’t need to be CEO of Google either.
the joke was that in the USA you can be multi millionaire+ wealthy and pay 0% tax
That is the actual joke here, agreed. If, and that’s a pretty damn big if, there was any sense on USA government they could just take our progressive steps and leave everything above 35% away from it and still have a crapload of budget to actually make their country great again.
But spending 100 million bucks per hour to demolish schools half way across the world is cool too I guess.
Finns pay up to 57% income taxes and a 25% VAT. They also don’t waste that money on a bloated military.
“up to 57%” is like saying American billionaires “can pay over 20%”.
Unless you’re extremely wealthy here you won’t get anywhere near that 57%.
You don’t need to be Elon-wealthy to get those percentages. Over 500 000€/year salary gives you nice 50% tax bracket. You absolutely are not poor if your taxes are that high, but you don’t need to be CEO of Google either.
Oh, my bad, only a half million a year gets you into that tax bracket. My bad, you’re right, that is such a low amount.
It’s terrible that after that amount you get taxed on what you made over, rather than the whole thing.
(Btw since I’m guessing your Finnish, too by the username, the joke was that in the USA you can be multi millionaire+ wealthy and pay 0% tax)
That is the actual joke here, agreed. If, and that’s a pretty damn big if, there was any sense on USA government they could just take our progressive steps and leave everything above 35% away from it and still have a crapload of budget to actually make their country great again.
But spending 100 million bucks per hour to demolish schools half way across the world is cool too I guess.