Today i thought id study the Polish Tax Law. The deeper i dig, the scaryer it gets.....check this out: If someone earns the polish average wage of 4000 PLN (zloty) then employer and worker together pay 33% towards mostly old age insurance. (Which if i remember right, the Government "stole" in 2017 by nationalizing it) From the 77% left, the Government steals another 19% (or 30% if its a nice "well" paid job to punish you for studying hard) So roughly 2460 left Now if you pay rent, government taxes the rental income of your landlord with 20% tax If you go shopping Government also takes 23% VAT!!!!!!!!! (Switzerland has 7%) So of the 2460 Government again takes around 20% leaving you with 2000 PLN Zloty instead of 4000 that you actually earned! ..........speachless........ Another statistic says Polands Government spending is at 41% of GDP which also comes close to my calculated 50% of wages that the Government takes. The reason why its 41% overall is because the rich dont pay Old-age and Social security insurance on their Stocks, shares, real estate income as its taxed separately. This gives a big Tax advantage to income earned trough capital gains. What is the Government spending 50% of our labour on? Its like all welfare institutions, most gets lost in administration and Government wages unfortunately. 18% of people work for Government! Source: https://www.oecd.org/gov/gov-at-a-glance-2017-poland.pdf The first countries to replace this burocracy with computers and make tax law super simple will gain an enormous advantage and much higher efficiency productivity and wealth for its citizens. Comments are closed.
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AuthorPascal |