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Of course, Denmark has a whopping 60.2% income tax rate for those making over 55k / year, so their "dimes" are far fewer than my own, but your point is taken.
by EpicEng 12y ago
Of course, Denmark has a whopping 60.2% income tax rate for those making over 55k / year, so their "dimes" are far fewer than my own, but your point is taken.
- beagle3 12y agoYes, but they get child care, schools, university, healthcare, social security that actually works and a few other things for those taxes. Also, New Yorkers making >$400k are paying 52% (39% federal + 13% state), and those making just $100K are already paying over 40%. Californians are in a similar positions, although some states are cheaper to live in. Yes, Europeans pay more in taxes, but they get more in taxes. If anyone is fleeced, it's actually the americans - the government is going into larger and larger debt, and at some point, the people will have to pay one way or another.
- _delirium 12y agoNitpick, but the income tax rate has been legally capped at 50% for some time now, notwithstanding any other legislation, so you can never actually hit something like 60%, even if a combination of other taxes would theoretically produce that in certain cases.