Here are the countries that love to soak the rich

Business Insider ^ | 06/02/2011 | Mamta Badkar

[SeekAndFind]

Tax attacks on the rich may seem extreme in the U.S., but around the world rates are far more aggressive.

A report by KPMG highlights 2010 individual income tax for countries around the world. We ranked the countries based on the income tax rate on $300,000 of gross income and included the income level at which the top marginal rate kicks off.

As a point of reference, America's top marginal rate starts at $373,650 and its percentage 27.9%. That keeps the U.S. out of the top 20.

[aflaak]

ping

[Son House]

Keep in mind your comparing income to being rich, 2 different measures, think like one is earnings, the other is the estate

[Son House]

Gotta agree, told the nephew $30 an hour was minimum wage, and he couldn’t grasp it(and no, I don’t earn $30 an hour, plus I am frugal, so it wouldn’t matter)

[aruanan]

Keep in mind your [sic] comparing income to being rich, 2 different measures, think like one is earnings, the other is the estate

Yes, and the federal income tax on earnings is the broadest objective measure out there. Even if there are many, many, many rich people whose estates are such that they are paying little or no taxes on them, that doesn't mean that middle class is paying "most of the tax" in the U.S.. And it certainly doesn't mean that the middle class is paying most of the income tax.

[Sherman Logan]

Save your breath.

People are utterly convinced “the rich” don’t pay taxes, and irrelevant issues like facts aren’t about to change their minds.

[aruanan]

People are utterly convinced “the rich” don’t pay taxes, and irrelevant issues like facts aren’t about to change their minds.

Just leaving them without excuse.