Fuck taxes! Love ya Belgium .

[non-gravity]

kain_kusanagi said:

binary solo said:
I think anyone earning over $1 million Euros per year can afford to pay 75% tax ON EARNINGS OVER $1 million Euros without it affecting their lifestyle in any real way.

However, I do believe that no matter how many dollars you earn a majority of every earned dollar should go into your pocket. i.e. I think governments should discipline themselves such that their budget can be met with a top income tax rate substantially below 50%. If you have to tax anyone above 50% then you're doing something wrong.

What?

You think it's ok to take 75% of someone's earnings? You then go on to say 50% is still reasonable. I suppose you think the state knows how to spend people's money better then they do?

At 75% 1,000,000 would become 250,000

That's a big difference.

If you earned that money I think you would want to spend it on what you want instead of losing 75% of it to taxes. Even 50% is far too much.

I mean, wouldn't a tax system and spending system that requires 10% of everyone with no loopholes be fair and work a lot better? It's just as unfair to make the rich pay more as it is to give the lazy free money.

In this case noone actually needs 1 million dollars or even a net 250k 

 

10% is not enough to maintain a welfare state, something the electorate desires