50% tax is absolutely not typical in the US as far as I know unless you can provide sources? I thought it was around 30% thanks to all the various schemes and deductions one can use?
I live in Bulgaria. My effective tax rate here is around 20%. Next destination is Dubai which is even lower, because again, if rich politican assholes’ kids are going there to live the good life, why not follow them in their grift?
(Would I recommend Bulgaria? Well the tech money you make is enough to live like a king and privately pay for all the services a government is supposed to provide… but then again it’s no different from the UK where I also had to pay for everything privately except I could barely afford it because I also had to burn 50% of my income on taxes with nothing in return, so from that perspective Bulgaria wins. Make of it what you will. Switzerland appears to be the only place with a functioning government and fair taxes, except the property Ponzi is reaching such breaking points that whatever you save on taxes is getting burnt immediately on rent, so you’re no better)
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50% tax is absolutely not typical in the US as far as I know unless you can provide sources? I thought it was around 30% thanks to all the various schemes and deductions one can use?
I live in Bulgaria. My effective tax rate here is around 20%. Next destination is Dubai which is even lower, because again, if rich politican assholes’ kids are going there to live the good life, why not follow them in their grift?
(Would I recommend Bulgaria? Well the tech money you make is enough to live like a king and privately pay for all the services a government is supposed to provide… but then again it’s no different from the UK where I also had to pay for everything privately except I could barely afford it because I also had to burn 50% of my income on taxes with nothing in return, so from that perspective Bulgaria wins. Make of it what you will. Switzerland appears to be the only place with a functioning government and fair taxes, except the property Ponzi is reaching such breaking points that whatever you save on taxes is getting burnt immediately on rent, so you’re no better)