http://www.calculatenetsalary.com/calculate-net-salary-in-thenetherlands.html Netherlands is considered the most stable Democratic Socialist country in Europe. I used this calculator and if you make 40k, you pay 28k in taxes. Something like 70% federal income tax. This excludes any state tax rates we would have to pay if we live in California or any other state for that matter. I know there are 40k earners here, so I'm wondering if you guys are open to paying 70-80% of your money for a democratic socialist economics?
If you make 12,000 per year, you pay 3,972 in fed taxes, you pay 32.5% fed taxes. If you make 25,000 per year, you pay 8,801 in fed taxes, you pay 35% federal tax. If you make 80,000 per year, you pay 34,257 in fed taxes, 42% federal taxes. If you make 500,000 per year, you pay 252,000 in fed taxes, 50.4% federal taxes. LMAO, it looks like the rich and poor don't pay as much taxes as the middle class that get raped for 70%
Back in the 70s and before, we paid taxes like that in this country. The top was 70% on 200K or so, but you started getting nailed quite low, in the 60% range on 60K. When that was changed, I heard no bitch from a democrat. I doubt the current crop in here would like it either.
This is what I'm saying... A lot of the Bernie supporters will use countries like Netherlands, Sweden or Switzerland to justify how democratic socialism works. What they aren't seeing are tax rates to all income is greatly larger than anything in the U.S. I can see how someone like Bernie will try to raise middle class taxes to 70% and forcing even those that make 12k paying over 20% tax. You can't have your cake and eat it too.
I think it's also important to note what you get for those taxes..they cover education, health care and public services..if you subtract those benefits, the taxes are actually a benefit to your ability to climb to a better economic frame..education..and not be devastated by health concerns. It's not just money you lose but money you invest in your support system
That's fine and dandy, but do you honestly think America will support that tax hike, even if their school, health care and public service? And the reality is "it's not free". The 70% tax once you start working after school is no different than paying interest on a student loan.
Average monthly disposable income in the Netherlands is about $2,900 (US=$3,200). I think many Americans would pay $300/month for the Dutch benefits, namely the top rated health care system in Europe.
No politician is even going to support raising taxes to 70%. They would be voted out of office immediately.
If we ever have an airborne virus like SARS spread throughout our country, folks will rethink the value of across the board health care
Also, not saying I don't believe you, but I would like you to provide a link supporting this claim. I tried looking it up and couldn't find it
Wanting things like paid sick time, paid maternity leave and universal health care is not the same has suddenly changing our economic model to the Netherlands.
I did find this http://www.oecdbetterlifeindex.org/countries/netherlands/ It says they are slightly higher than the U.S.
Bernie Sanders quoted that he wanted to adopt the viking's economic model. Wouldn't that mean their tax rate as well?
How much does it cost to build a highway from border to border in the U.S. And these tiny countries? Its not like both nations would spend the same % of government takings on similar things.
Switzerland has a tax to gdp of 27%. Ours is 27% also. http://www.oecd.org/switzerland/revenue-statistics-and-consumption-tax-trends-2014-switzerland.pdf Country Tax as % of GDP United States 26.9 178 more rows List of countries by tax revenue as percentage of GDP - Wikipedia ... https://en.wikipedia.org/.../List_of_countries_by_tax_revenue_as_percenta...