Taxes didnt approach 90% as they do in modern socialist countries.
I live in a country New Zealand with a highly developed social welfare system. Here are our tax rates...
$0 – $14,000............. 10.5%
$14,001 – $48,000..... 17.5%
$48,001 – $70,000..... 30%
Over $70,000............. 33%
Father, since we are playing that game (not started by you, I note) could we please have these figures amended to include GST, other forms of sales and consumption tax, luxury taxes, land tax, capital gains tax, stamp duty, other forms of payable duty, estate/death taxes, inheritance taxes, probate taxes, &c., &c.?
Also, can we please explain why someone earning NZ$70K should pay the same rate of income tax as someone earning multiple millions? As usual, it appears that there is a band of people somewhere around the middle who are disproportionately shouldering the tax burden.
1. Apologies for attempting to set the agenda of this discussion but these two points above particularly irk me.
2. I would not and do not question the faith and piety of those who take a contrary view to my own on these points.