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Italy has progressive taxes on salary, with marginal rates from 23% to 43%. The latter on income above €50k And if you've got taxes like that on earned income
by michaelt 2mo ago
Italy has progressive taxes on salary, with marginal rates from 23% to 43%. The latter on income above €50k
And if you've got taxes like that on earned income - shouldn't people with unearned income pay just as much? If your tax on investment gains is too small, you end up with an economy where the salaried worker renting a house pays more tax than their landlord, who owns ten houses.
- freeone3000 2mo agoI think America’s tax policy and redistribution scheme have made it the country where private individuals have the most money in the world - and that saying the landlord should pay just as much tax disincentivizes wealth concentration!