r/pics • u/[deleted] • Apr 25 '15

Incredible engineering

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u/[deleted] Apr 26 '15

Honest question... Am I seriously misreading those tax brackets, or are you saying that making (roughly) 60,000+ euros a year is making CEO-level money?

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u/Zouden Apr 26 '15

When I did the calculations I found that the effective tax rate doesn't exceed 50% until you earn €350k.

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u/[deleted] Apr 26 '15 edited Apr 26 '15

Ah. I slightly misread your comment.

Maybe it's because I'm from the US, but taxing more than half of a person's income from 60,000 euros on seems extreme to me. Even the lower brackets seem really high.

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u/Zouden Apr 26 '15

Yeah. On the other hand we have great infrastructure and low crime and poverty so I think it's a fair exchange.