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originally posted by: 0zzymand0s
I'm already in the 28% bracket. Can I move my taxes from Military spending to healthcare instead? Because I really don't care if we have bases all over the world and I feel like the DoD is a tremendous waste of my money.
originally posted by: MisterSpock
If only we could tax the earners 100 percent so that the rest could have all they "deserve". That would make life "fair".
It's a basic human right, damnit.
originally posted by: carewemust
a reply to: JoshuaCox
By law (thank Obamacare) the maximum profit is 15% for corporate health insurance, and 20% for individual health insurance companies.
As Danish Prime Minister Lars Løkke Rasmussen himself put it, in reaction to this fictionalized vision of his country: "I would like to make one thing clear. Denmark is far from a socialist planned economy. Denmark is a market economy."
Admittedly, it is a market economy with high taxes and an extensive welfare state. But it wasn't always so--and it might not stay that way for very much longer.
Booth also says there is a broad consensus that the Danish welfare state remains unsustainable, despite the many reforms of recent decades. "The Danes' dirty secret is that its public sector has been propped up by--now dwindling--oil revenues."
The lessons to draw from the Danish model are clear, even if they're not the ones Bernie Sanders would like us to draw. The Danes benefited from low taxes in order to get rich, and they remain fairly well-off thanks to a light regulatory touch, but their extensive welfare state is not the great success it's cracked up to be. Anything else is just a romanticized fairy tale.
originally posted by: roadgravel
Insurance is in general under the 80/20 rule in using premium money.
originally posted by: 0zzymand0s
I'm already in the 28% bracket. Can I move my taxes from Military spending to healthcare instead? Because I really don't care if we have bases all over the world and I feel like the DoD is a tremendous waste of my money.
tradingeconomics.com...
The Personal Income Tax Rate in Denmark stands at 55.80 percent. Personal Income Tax Rate in Denmark averaged 60.45 percent from 1995 until 2018, reaching an all time high of 65.90 percent in 1997 and a record low of 55.40 percent in 2010.
originally posted by: MisterSpock
If I'm lucky to have enough money to pass onto my family, they will take 30 percent of that as well.
I pay 300 dollars a month for health care I haven't used in years. That's another 10 to 20 percent of my income. On top of the 30 percent in income tax and 15 percent in property tax I pay.