Taxation is theft, Finland ranks #1 with highest income tax rate in the world. #socialism
(media.communities.win)
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Hot damn I had no idea Japan was that bad. I knew it was really high but not that high. Their salaries are already so damn low how the hell do they get by.
Edit: I should have realized quicker, but realistically the median worker probably pays significantly less than that. Like in the US I probably pay around 20%, not the 37% stated.
It got even worse in the last decade, when they implemented a first-ever nationwide sales tax (9% I believe) to pay down the debt and rising pension costs. That's never going away. If the Japanese government does anything well its Keynesianism.
I thought it was "yield-curve control" a.k.a. central banks buying all the government bonds a.k.a. totally not money printing.
Yeah this could be an average figure or something. My first year working i Japan I was taxed 20% on all income. The from the 2nd year onwards it went down to like 1%
Granted I was making about $15-$20k a year back then