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Saturday, March 31, 2012
We're #1 - We're #1: "On Sunday USA will have world's highest Corporate Tax Rate"
On Sunday when Japan lowers its tax rate the United States is set to have the World's Highest Tax Rate! Our tax rate of 39.2% no other country has as high a tax rate. Even more amazing in the last 5 years 75 countries have lowered their tax rates.
And a new car registration rate (V.R.T) of 30%. You pay 30% VRT + 13.5% VAT = [TOTAL 43.5% TAX] on any new car.
Petrol (gas) is now the equivilant of $8.50 per gallon.
So why the low corporate tax rate?
That's to entice companies to come to Ireland to hire locals. And then those local, indiginous workers can turn over a huge portion of their salaries (minimum wage is equal to $11 per hour) to the government in the form of taxes.
It's a perfect Ponzi scheme where the foreign (mostly American) companies like Intel, Motorola, Hewlett Packard, Microsoft, PayPal and Google gain, and the Irish government gain. Both gain at the expanse of the working Irish person.
It's a money spinner for the Irish government which derives most of the money in takes in by STEALTH. They need to spin lots of money to support a HUGE Social Welfare system.
1 comment:
Ireland has a low 12.5% corporate tax rate.
However, It has a 23.5% sales tax (V.A.T)
A high income tax rate
And a new car registration rate (V.R.T) of 30%. You pay 30% VRT + 13.5% VAT = [TOTAL 43.5% TAX] on any new car.
Petrol (gas) is now the equivilant of $8.50 per gallon.
So why the low corporate tax rate?
That's to entice companies to come to Ireland to hire locals. And then those local, indiginous workers can turn over a huge portion of their salaries (minimum wage is equal to $11 per hour) to the government in the form of taxes.
It's a perfect Ponzi scheme where the foreign (mostly American) companies like Intel, Motorola, Hewlett Packard, Microsoft, PayPal and Google gain, and the Irish government gain. Both gain at the expanse of the working Irish person.
It's a money spinner for the Irish government which derives most of the money in takes in by STEALTH. They need to spin lots of money to support a HUGE Social Welfare system.
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