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The average Swiss citizen will earn more than your average american - overall swiss citizens will pay a smaller % on taxes than americans.
by sebgr 11y ago
The average Swiss citizen will earn more than your average american - overall swiss citizens will pay a smaller % on taxes than americans.
- harryh 11y agoUm, no. 29.4 is > 26.9 no matter what the average earnings are.
- deleted 11y ago[deleted]
- jrock08 11y agoLet me try to explain with a very very simple example why the average person might pay less, even though the average tax might be higher. Person 1-10 make $10. Person 11 makes $100 Case 1, a flat tax of 30% Person 1-10 pay $3, person 11 pays $30, for a total tax of $60 on $200 total income, that is 30%. Case 2, a progressive tax of 1% on income up to $10, and a tax of 80% above that. Person 1-10 pay $1, Person 11 pays 1% on $10 and pays 80% on $90 which is $72, a total tax of $82 on $200 income, a 41% tax!!!
- sebgr 11y agoIt seems OP was referring to tax as % of ones income and you are talking taxes as % of GDP is what I was trying to get at.
- david927 11y agoAs an American who lived for a decade in Zurich, I can confirm that the Swiss pay less in taxes. The big difference is that, in Switzerland, the rich pay taxes.
- maxxxxx 11y agoUnless they are Formula 1 drivers from another country :-)