(April 11, 2018 at 11:53 pm)Tiberius Wrote: A guy on Facebook was complaining that European tax rates were 60% and “imagine having an extra 30% taken from each paycheck”. Had to explain to him that that’s not how taxes work. Marginal tax rates and effective tax rates are completely different.
You might further explain that increasing taxes in a democratic society almost always results in increased benefits to the tax payers. By way of example, the highest tax rate here is 33% (effectively a smidge over 20%) and out-of-pocket medical cost for accidental injury is...nothing.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax