ferball
desperately terminally-contrarian
- Joined
- Jul 24, 2015
- Posts
- 56,383
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- AFL Club
- North Melbourne
"they've already got $10 mil at normal rates? what do mean?
45% is a massive difference to 70%!
multinationals have nothing to do with a 70% tax rate, the 70% relates to personal income tax. how about governments smarten up and crack down on multinationals instead of trying to recoup it through individuals?
yes tax is a disincentive, i subscribe to the 80/20 rule and the individuals that are doing 80% of the work and being punished for it through getting 50% or more of their income taken from them only hurts society. i know this won't align to the ideology that all rich ppl are evil but some of us here don't have tall poppy syndrome.
Any individual making 10 mil a year and not sliding it thru a whole series of companies, trusts and the like is probably making it illegally anyway.
80/20 isn't a rule, its not even a thing its a misunderstanding of a mathematical distribution developed by an Italian





