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131 points Traces | 2 comments | | HN request time: 0.495s | 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.
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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.

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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.
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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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Philpax ◴[] No.44442817[source]
Why would they do that when they're doing fine in Spain?
replies(1): >>44462141 #
1. Andrew_nenakhov ◴[] No.44462141[source]
Because they won't be fine for much longer under their socialist government. Look at Spanish economy: high public debt, high unemployment, low productivity growth. All this results in low competitiveness, and will inevitably lead to the necessity to get off the train of taxing everyone into prosperity.
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2. diggan ◴[] No.44471161[source]
> Because they won't be fine for much longer under their socialist government

How long would a state required to be socialist before you consider it to not be in a perpetual state of "this will fail tomorrow"?

Since you consider Spain socialist, that means you probably consider Sweden socialist as well then, since it's more "socialist" on basically every metric I can think of? If so, Sweden been socialist close to 100 years (about 3 times longer than Spain), is Sweden also about to go down the drain then because of the welfare policies?

> Look at Spanish economy: high public debt, high unemployment, low productivity growth

Good example. For the last 10 years, debt is slightly worse, unemployment is dramatically better and the productivity remains unchanged. Yet, we have public health care. So seems socialism might not actually be so bad after all.