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> Effective tax rates of 40-70% do not exist in the Us. It’s still a ridiculous amount of the economy to tax and spend. That isn’t true. In Germany, where we h
by 9dev 2y ago
> Effective tax rates of 40-70% do not exist in the Us. It’s still a ridiculous amount of the economy to tax and spend.
That isn’t true. In Germany, where we have fairly high taxes, I get to keep about 60% of my gross income, and I’m in the maximum taxation group. This 40% includes universal health care, pensions, tax, and mandatory insurance for job loss.
- inglor_cz 2y agoDon't forget the effects of VAT and various consumption taxes. If you buy stuff with your net income, ~ a sixth of the money spent will be indirect taxes again.