3 ms·
Our taxes are twice the USA's [1], and people aren't fleeing. Maybe America is doing something else wrong? [1] Overall tax rates, taking total tax revenue as p
by _delirium 13y ago
Our taxes are twice the USA's [1], and people aren't fleeing. Maybe America is doing something else wrong?
[1] Overall tax rates, taking total tax revenue as percentage of GDP. Some specific tax rates are lower or higher, though overall they trend higher.
- joelrunyon 13y agoWhat country are you in? Do you have a reference other than the KPMG link mentioned earlier in the thread? [1] Also, it's worth mentioning this is referring to where corporations are set up - not people. [1] https://news.ycombinator.com/item?id=7133781 https://news.ycombinator.com/item?id=7133781
- _delirium 13y agoDenmark (it's in my profile). Our overall taxes are pretty high, though our corporate taxes aren't particularly high. Partly depends on what you count as corporate taxes, since there is a large VAT, large energy taxes, large taxes on corporate vehicle registration, etc. But a good portion is via personal income tax.
- maxerickson 13y agoPeople are not fleeing the U.S. either. There is some small amount of emigration, but I doubt there is a net emigration of wealth.