10/11 Someone posted this earlier regarding income tax:
\_ Why is it an abomination? It needs to more progressive,
especially the SS payroll tax, but other than that I don't see it
being worthy of that particular adjective. Besides, John,
aren't you in Europe, home of the VAT and the 45% marginal rate?
No, I live in Switzerland, home of the VAT that's less than CA's (7.6%)
the approx. 15-30% of income taxes (including local/state/federal and
social security, such as it is), working trains, nice highways, and
functioning schools. You're thinking EU, which this country is not
a part of (and hopefully won't ever be.) -John
\_ Can I move there? -- ilyas
\_ No, you can't because you're a dirty foreigner and the Swiss
would never let you in the country for longer than a reasonable
length vacation. You'd never be allowed to legally work and
would be immediately deported if you managed to get a job and
were caught.
\_ I was in Europe once, so I am almost domesticated.
-- ilyas
\_ Sure you can. Just need a job and someone who's willing to
sponsor your permit. By the way, the reason I post all this
stuff is the same as why I keep telling people here that no,
you won't get shot in the US, and we don't eat spam. -John
\_ Switzerland is lower than the EU, but higher than the US:
http://www.switzerland-4you.com/pdf/fiscal_burden.pdf
\_ (a) social security only counts as part of tax burden if it's
not considered "yours", i.e. if you see it as a tax rather than
a countribution, (b) the chart is skewed because the equivalent
of a (voluntary) IRA in the US is state mandated here, but
privately run (so even stupid people get some kind of pension)
--I don't believe that's counted towards the US portion of the
tax burden (don't forget that you can withdraw it as a foreigner
leaving the country, or if you build a house or something),
(c) the US has a vastly higher rate of companies moving offshore
to declare taxes (why do you think rich people/companies move
to Zug and not to Minneapolis?) (c) that's for overall GDP
rather than income tax. As I understand it, Japan has
fantastically high income taxes, yet ranks below the US in this
chart. Explain? -John
\_ Overall tax burden is more important than any particular
tax rate. If the top tax rate is 90%, but only falls on
100 people, it is not significant to talk about it.
\_ Unless you're one of those 100.
\_ no third-world immigration and tons of money/art stolen from Jews.
100 people, it is not particularly significant to talk
about it. |