Here in Switzerland you are taxed on assets as well and they had a
referendum on the highest paid person being only allowed a salary of 12
times the lowest (it was maybe not best thought out but the idea seems
ok) HOWEVER if I was ever put in charge I would simplify the tax system
to one simple rule for everyone and a second for companies, it will put
the tax consultants out of work as there would be no loopholes to find.
On 13/12/2013 14:15, Ken Norton wrote:
> But no matter what you do, the wealthy find ways to avoid taxes. The
> current method of choice is to get a lot of stock in a company, but not
> cash any of it in to avoid capital gains taxes and borrow money at
> extremely low interest rates to live on. You can avoid all income and
> wealth taxes this way.
>
> Where I have a problem with the progressive income tax code is that it is a
> socially devisive tool. We get the irate chants of "tax the rich" and other
> such nonsense. I believe that 100% of the population needs to pay. You can
> jack up the support level to offset it, of couse, but at least then
> everybody has skin in the tax code game.
>
>
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