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Anyone in the US is paying very low taxes compared to what "high-income" tax payers pay in e.g. Scandinavian countries like Sweden. The treshold for "high incom
by johansch 10y ago
Anyone in the US is paying very low taxes compared to what "high-income" tax payers pay in e.g. Scandinavian countries like Sweden. The treshold for "high income" is (simplified) at about $80k per year.
Stock option profits are taxed as income as well. (In Sweden we also have to pay social security fees on our stock option profits - the end result typically being at least a 62% taxation level on that income.).
- kelnos 10y agoGotcha. I still don't see any evidence for what you're saying, though. What was David Rockefeller's income during the period he worked and gave money to charitable causes? If you want to look at it mathematically: income * (tax rate + giving rate) = "total given" Obviously you have two important variables there that determine what the total percent of income ends up being. I don't see any evidence that the parenthetical totals above are less or greater than each other when you consider your average European vs. Rockefeller, so you can't really say anything about how much he gave out of his income in comparison to your average European. Maybe it's more, maybe it's less, but you automatically assuming it's less is a bit disingenuous. There's also the question of required vs. optional. If your average European had a tax rate similar to an American, would they then (on average) give the "savings" away as philanthropy? My guess would be it'd end up somewhere in the middle. Philanthropy is only philanthropy if it's voluntary and isn't forced by your government. That's pretty much its definition.