| J Cuesta (Little Upsilon) | Saturday, July 17, 2010 - 06:20 am 
Hello
Do govt employees pay taxes if i am running a zero corporate tax country ?
thanks in advance
j cuesta |
| Lolosaurus (Fearless Blue) | Saturday, July 17, 2010 - 11:15 pm
Corporate tax rate is separate from income tax. About 50% of all worker salaries is reabsorbed by the country through income tax and health/education contributions.
So, yeah. |
| J Cuesta | Sunday, July 18, 2010 - 01:53 pm
ok thanks alot just out of curiosity where does the othe 50% go ? Vacations at the beach...? |
| Lolosaurus (Little Upsilon) | Sunday, July 18, 2010 - 10:21 pm
Some of it goes to the country's investment fund. Workers pay money into the investment fund each month and the amount they pay is higher in countries with higher income.
I think it also influences consumer spending. Countries with higher incomes buy more consumer goods (household products, cars, vacation, etc) per capita.
I've noticed also that the average value of houses is higher in countries with more income. The rest of consumer income is probably gobbled up by mortgage payments. (You can find this info on your finance index page, toward the bottom) |
| J Cuesta (Little Upsilon) | Monday, July 19, 2010 - 02:06 am
thanks once again |
