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> Why even include that? Some people resent what they perceive as too much taxes very strongly. Where do you draw the line between taxation and theft? For ex
by TacticalCoder 5y ago
> Why even include that?
Some people resent what they perceive as too much taxes very strongly. Where do you draw the line between taxation and theft?
For example how do you call 50% taxes + 19% social wellfare taxes on top of that, actually a 69% tax bracket? Knowing that in addition to that, should you realize gains (say on stocks) on what you managed to save and put in the stock market, well, these gains are going to be taxed at 34%? What if auntie loved you and made a testament giving you her savings, what about 80% tax on that? Is that what auntie wanted, to give 80% to the state?
69%, 80%: when is it taxes, when is it theft?
I do personally think that in many countries we're way, way, way past diminishing returns due to the ultra high tax brackets and I don't buy the "but infrastructure" argument: it doesn't justify everything.