Archived posting to the Leica Users Group, 2012/03/23
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]In Finland the total level of taxation was 42.9% last year - including VAT etc. I suppose that in USA the level was approximately 10 percentage points lower. Someone may calculate how many children you have to give university education for this to even out. (and I am not going to say anything about health services) All the best! Raimo K ----- Original Message ----- From: Ken Carney To: Leica Users Group Sent: Friday, March 23, 2012 3:02 AM Subject: Re: [Leica] Fuji X-Pro1 - Jim Yes, but that marginal federal rate does not begin until taxable income somewhere around USD200,000. If you are paying an aggregate rate of 46%, that is a much higher income than $200,000. In Finland, you would reach that federal rate at about ?70,000. Then there are the local, municipal and church taxes which will close to double that. We could build comparative tax tables but I imagine the folks in Finland are being taxed out the wazoo. Offsetting that, yes, my kids and grandkids went to good private schools from elementary school onward, which cost $$$$. However, the alternative was sending them to gangland. It is far from the (I would say mythical) "1-percenters" who are sending their children to private schools - it is committed parents who will sacrifice half their income to bypass the public system. Ken On 3/22/2012 6:15 PM, Nathan Wajsman wrote: > When I lived in NJ, I had to pay a federal tax of 31% plus a state tax of > 7% (starting with the first dollar), a Social Security tax and Medicare > tax adding up to 9% or so (also from the first dollar)--for a total of > 46%, for which I got nothing except invasions of countries I did not care > about etc. I was lucky that we lived in a town with good public schools, > so I did not need to pay exorbitant fees at the local private school for > the 1-percenters. > > Nathan Wajsman > Alicante, Spain > http://www.frozenlight.eu > http://www.greatpix.eu > http://www.nathanfoto.com > PICTURE OF THE WEEK: http://www.fotocycle.dk/paws > Blog: http://nathansmusings.wordpress.com/ > > > YNWA > >