Quote:
Originally posted by lakeview
interesting, I didn't know the taxes are so heavy.
50% is a LOT
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When you think on european taxes, be in mind that are not as expensive as they seem, as in Eurpeans countries you have tons of services paid by the goberments, like public schools, universities, free health care, hospitals, etc. In the states you could pay less but if you have a serious health problem you will need to sell all your bussines, home etc while all that is free in Europe. In mostly of europeans countries also you get a payment if you lose your work or after you retire at 65 years old. Also in the north European countries you have even more free services by the goberment so the taxes are near 70% there.
I'm not telling that this is a better system, as it also allow lots of lazy guys to live from the hard workers taxes, i'm just telling you why we have high taxes.
As Troels said, companies pay around 30%-35% and you can discount all expenses from operating your bussines so they key is to fund a company and reinvest a good amount of your earnings as i said before.