Monday, December 2, 2019
On the Fact that the Top Tax Rates In Many European Countries Kick-In at a Much Lower Income Level than the Ones In the U.S. Do and so, Yeah, this Whole Notion that You Can Institute a European-Style Social Safety-Net by Only Taxing the Wealthiest U.S. Citizens Is Nothing but a Fucking Delusion
In Germany, for example, the second highest rate is 42% and it kicks-in at $124,000 a year (for families), whereas in the U.S. the highest rate is just 37% and that kicks-in at $612,000 a year (again, for families). Major difference, no?
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