The richest 1% in the Netherlands pay relatively less tax than everyone else and their incomes have risen more sharply, according to new calculations by the government’s macro-economic forecasting agency CPB. Earlier research, based on figures from 2016, showed that people on the highest incomes pay less tax and the new figures, based on the period 2011 to 2019, paint a similar picture. The very richest, or 0.01% of the population, paid a tax rate of some 28%, well below the 40% paid by people with average incomes...
I agree with you. I would rather see the money back in the community instead of making rich people richer.
At one point in the US history, the highest marginal tax rate was 90%. It makes sense. If you don’t want to get taxed, just recirculate the money.
But at one point, the rich captured the politicians and different state machines and lowered their tax, created a bunch of loopholes, and just fucked everyone over.
So I’m for a wealth tax. And one fucking thing that should change is that a cash loan backed by assets should be taxed as income.
I agree with you. I would rather see the money back in the community instead of making rich people richer.
At one point in the US history, the highest marginal tax rate was 90%. It makes sense. If you don’t want to get taxed, just recirculate the money.
But at one point, the rich captured the politicians and different state machines and lowered their tax, created a bunch of loopholes, and just fucked everyone over.
So I’m for a wealth tax. And one fucking thing that should change is that a cash loan backed by assets should be taxed as income.