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10-06-2014, 12:00 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
If only this is true. :D
But increasing tax on inheritance and reducing tax on income makes sense for SG. Tax those who got wealthy through inheritance (scions of the famiLee, million-dollar ministers and elites) and do not have to work (or work so hard)..
Wealthy Austrians Are Demanding Their Taxes Be Raised
http://static4.businessinsider.com/image/519f7384eab8ea461b00002f-50-50/rob-wile.jpg (http://www.businessinsider.com/author/rob-wile)
ROB WILE (http://www.businessinsider.com/author/rob-wile)
JUN. 9, 2014, 9:12 PM
http://static4.businessinsider.com/image/53965a50ecad04d07a4ad298-702-525/7-vienna-austria-7.jpgMikhail Markovskiy/Shutterstock
Wealthy Austrians have gotten together to demand their government tax them more.In a cover story in the Austrian weekly magazine (http://www.profil.at/articles/1421/981/375449/oesterreichs-millionaere-vermoegensteuern)Profil (http://www.profil.at/articles/1421/981/375449/oesterreichs-millionaere-vermoegensteuern), a dozen or so bankers, CEOs, real estate (http://www.businessinsider.com/wealthy-austrians-are-demanding-to-be-taxed-more-2014-6#) moguls and inheritors say they have a civic duty to give back to a country that's allowed 70% of its wealth to concentrate in the hands of the top 10%, according to France's Libération.fr. (http://www.liberation.fr/economie/2014/06/06/des-millionnaires-autrichiens-exigent-de-se-faire-taxer_1035585?xtor=rss-450)
"A wealth tax is not only a question of morality, but also of pragmatism," says Christian Köck, a health economist (http://www.businessinsider.com/wealthy-austrians-are-demanding-to-be-taxed-more-2014-6#) and businessman who also inherited a large sum. "I don't want to be rich in a society that can't pay to invest in a fair education system."
Austria lacks an inheritance tax, and wealth brackets are not scaled. Property and rent taxes are practically non-existent.
"Austria, country of millionaires. Austria, country of inequalities," the Profil feature begins. "Nowhere in Europe work is so highly taxed, while other assets (http://www.businessinsider.com/wealthy-austrians-are-demanding-to-be-taxed-more-2014-6#) so greatly spared. A skewed situation, which even for many wealthy seems prohibitive. So they are now demanding, in our profile, higher taxes on wealth - and to lower those on work."
Social-Democratic Chancellor Werner Faymann has proposed a "millionaire's tax" that would involve creating an inheritance tax while lowering income taxes (http://www.businessinsider.com/wealthy-austrians-are-demanding-to-be-taxed-more-2014-6#), although Libération predicts it could get held up by the more conservative members of the country's ruling coalition.
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?183733-Wealthy-Sinkie-elites-are-demanding-that-their-taxes-be-raised!&goto=newpost).
If only this is true. :D
But increasing tax on inheritance and reducing tax on income makes sense for SG. Tax those who got wealthy through inheritance (scions of the famiLee, million-dollar ministers and elites) and do not have to work (or work so hard)..
Wealthy Austrians Are Demanding Their Taxes Be Raised
http://static4.businessinsider.com/image/519f7384eab8ea461b00002f-50-50/rob-wile.jpg (http://www.businessinsider.com/author/rob-wile)
ROB WILE (http://www.businessinsider.com/author/rob-wile)
JUN. 9, 2014, 9:12 PM
http://static4.businessinsider.com/image/53965a50ecad04d07a4ad298-702-525/7-vienna-austria-7.jpgMikhail Markovskiy/Shutterstock
Wealthy Austrians have gotten together to demand their government tax them more.In a cover story in the Austrian weekly magazine (http://www.profil.at/articles/1421/981/375449/oesterreichs-millionaere-vermoegensteuern)Profil (http://www.profil.at/articles/1421/981/375449/oesterreichs-millionaere-vermoegensteuern), a dozen or so bankers, CEOs, real estate (http://www.businessinsider.com/wealthy-austrians-are-demanding-to-be-taxed-more-2014-6#) moguls and inheritors say they have a civic duty to give back to a country that's allowed 70% of its wealth to concentrate in the hands of the top 10%, according to France's Libération.fr. (http://www.liberation.fr/economie/2014/06/06/des-millionnaires-autrichiens-exigent-de-se-faire-taxer_1035585?xtor=rss-450)
"A wealth tax is not only a question of morality, but also of pragmatism," says Christian Köck, a health economist (http://www.businessinsider.com/wealthy-austrians-are-demanding-to-be-taxed-more-2014-6#) and businessman who also inherited a large sum. "I don't want to be rich in a society that can't pay to invest in a fair education system."
Austria lacks an inheritance tax, and wealth brackets are not scaled. Property and rent taxes are practically non-existent.
"Austria, country of millionaires. Austria, country of inequalities," the Profil feature begins. "Nowhere in Europe work is so highly taxed, while other assets (http://www.businessinsider.com/wealthy-austrians-are-demanding-to-be-taxed-more-2014-6#) so greatly spared. A skewed situation, which even for many wealthy seems prohibitive. So they are now demanding, in our profile, higher taxes on wealth - and to lower those on work."
Social-Democratic Chancellor Werner Faymann has proposed a "millionaire's tax" that would involve creating an inheritance tax while lowering income taxes (http://www.businessinsider.com/wealthy-austrians-are-demanding-to-be-taxed-more-2014-6#), although Libération predicts it could get held up by the more conservative members of the country's ruling coalition.
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?183733-Wealthy-Sinkie-elites-are-demanding-that-their-taxes-be-raised!&goto=newpost).