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131 points Traces | 5 comments | | HN request time: 0.04s | source
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rckt ◴[] No.44442199[source]
Considering how everything is rigged in favor for the rich I don't have high hopes for this. But it would be great if they really come up with a system that makes sense and offers equal tax regimes for everybody. Right now if I'm not mistaken in Spain the most taxed people (in terms of ratio) are those who earn < ~300K per year.
replies(1): >>44442248 #
diggan ◴[] No.44442248[source]
> Right now if I'm not mistaken in Spain the most taxed people (in terms of ratio) are those who earn < ~300K per year.

You are mistaken. Currently, the higher income you have here, the higher tax rate you have, where the highest tax rate on income sits at 47%, which you get hit by when your income is above 300K/year. People between 60K and 300K sits at 45%.

And then there are regional differences, someone in Andalucía don't pay the same amount of taxes as someone who lives in Catalunya for example, where the top tax rate is 50%.

Even taking into account other taxes we have, you still end up paying more in taxes the more you earn, unless you start engaging in schemes to lessen your tax burden, obviously. Although the social security is capped, so it does increase slower once you go beyond the cap, but it doesn't start regressing which your comment hinted at.

Edit: important to note that the tax rates are all marginal tax rates, maybe that was a bit unclear.

replies(1): >>44442263 #
foota ◴[] No.44442263[source]
Wow, a 45% tax starting at 60k is kinda unreal.
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Andrew_nenakhov ◴[] No.44442459[source]
That's socialism for you.
replies(1): >>44442544 #
diggan ◴[] No.44442544[source]
Yeah, it's great :) Me, with high income, can help those with lower income and even those that cannot work, and I don't have to do anything more than filling out some papers once a year. I wouldn't want it any other way.
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Andrew_nenakhov ◴[] No.44442568[source]
Move to Cuba then. It's like a little part of the USSR in a time capsule. Quite a surreal place for people like me who were born in the USSR.
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1. Hikikomori ◴[] No.44443921{5}[source]
You know Europe exist right?
replies(1): >>44459894 #
2. Andrew_nenakhov ◴[] No.44459894[source]
Yes, and the more socialistic it gets, the worse it becomes. Also, the naivety and arrogance of ppl here who have never experienced real socialism is something.
replies(1): >>44463123 #
3. Hikikomori ◴[] No.44463123[source]
Yes, northern Europe well known to be hell on earth.
replies(1): >>44463389 #
4. Andrew_nenakhov ◴[] No.44463389{3}[source]
Pretty much. Sweden was almost destroyed by socialists in the 1970-80s, which culminated in 1990..1994 crisis, and they only got back on track when they rolled back the most insane economic initiatives of previous governments. They sharply reduced public spending and significantly deregulated the economy, which allowed them to recover. But now, public spending creeps back up again, and the outcome is unlikely to be different this time.

Also, if you wonder why so few big unicorn companies appear in Europe, look no further than their tax policies.

replies(1): >>44466767 #
5. Hikikomori ◴[] No.44466767{4}[source]
Mm yes, billionaires per capita is the only metric that matters.