Fuck taxes! Love ya Belgium .

[ishiki]

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.

The people that have money are just going to move their money offshore/to a different countryanyways... I agree with flat taxes, as to me it's the most fundamentally fair way, I'm not sure on what %, and generally anything other than that is just going to get abused, even if the reason for a lot of the loopholes were originally done for good reasons.

... Good luck getting that passed in the U.S. though, where both sides like to be useless together. :).