Archived posting to the Leica Users Group, 2012/03/22
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Yes, but that marginal federal rate does not begin until taxable income somewhere around USD200,000. If you are paying an aggregate rate of 46%, that is a much higher income than $200,000. In Finland, you would reach that federal rate at about ?70,000. Then there are the local, municipal and church taxes which will close to double that. We could build comparative tax tables but I imagine the folks in Finland are being taxed out the wazoo. Offsetting that, yes, my kids and grandkids went to good private schools from elementary school onward, which cost $$$$. However, the alternative was sending them to gangland. It is far from the (I would say mythical) "1-percenters" who are sending their children to private schools - it is committed parents who will sacrifice half their income to bypass the public system. Ken On 3/22/2012 6:15 PM, Nathan Wajsman wrote: > When I lived in NJ, I had to pay a federal tax of 31% plus a state tax of > 7% (starting with the first dollar), a Social Security tax and Medicare > tax adding up to 9% or so (also from the first dollar)--for a total of > 46%, for which I got nothing except invasions of countries I did not care > about etc. I was lucky that we lived in a town with good public schools, > so I did not need to pay exorbitant fees at the local private school for > the 1-percenters. > > Nathan Wajsman > Alicante, Spain > http://www.frozenlight.eu > http://www.greatpix.eu > http://www.nathanfoto.com > PICTURE OF THE WEEK: http://www.fotocycle.dk/paws > Blog: http://nathansmusings.wordpress.com/ > > > YNWA > > > > On Mar 23, 2012, at 12:02 AM, Ken Carney wrote: > >> Not too sure about the free part. According to my BNA country portfolio >> on Finland, the marginal tax rate (national, local, municipal and church >> taxes) hits about 50% on income between ?38,000 and 66,000 and is over >> 55% on income in excess of ?66,000. Then there is a VAT. I'm not going to >> complain on April 15 this year! >> >> Ken >> >> On 3/22/2012 2:07 AM, Raimo K wrote: >>> Well, university education is free in Finland (like all other education >>> as well). >>> The Americans may call it socialism (but it isn't), we call it equal >>> opportunities. >>> In the future we may have to charge tuition fees from students outside >>> the EU, though. >>> All the best! >>> Raimo K >>> >>> >>> ----- Original Message ----- From: Henning Wulff >>> To: Leica Users Group >>> Sent: Thursday, March 22, 2012 8:20 AM >>> Subject: Re: [Leica] Fuji X-Pro1 - Jim >>> >>> >>> It's nearly as bad here in Canada. Tuition fees rise well beyond any >>> concept of inflation. Meanwhile our education minister goes off to China >>> to promote Canada as a place to come and get educated (for a price). >>> >>> Meanwhile, in the public schools.... >>> We've just legislation from our provincial government denying the >>> teachers any pay increases for the next while and at the same time >>> retroactively taking away a number of hard won limits on class sizes, >>> help for teachers with special needs students and other advances >>> achieved in the last ten years. The legislation specifically states this >>> 10 year retroactive roll back. >>> >>> Our premier meanwhile sends her son off to private school. She can >>> afford it, as the pay raises for all the legislature has been >>> substantially above the rate of inflation, and about as drastic as the >>> increase in university fees. >>> >>> >>> On 2012-03-21, at 2:05 PM, scleroplex wrote: >>> >>>> exactly!! >>>> >>>> everyone is talking about the rise in healthcare costs. >>>> no one is comparing the rate of rise of higher education costs. >>>> it is 6 times that of health care! >>>> >>>> all the universities are raking it in and putting up flashy buildings >>>> with >>>> gay abandon. >>>> and no one is even looking at abuse of HEFA loans, which is as big a >>>> scandal as mortgage loans if not bigger. >>>> >>>> university boards are packed with real estate developers who get HEFA >>>> loans >>>> from the government and spend the money on construction projects. >>>> >>>> a good percentage of the loans are also invested in the capital markets >>>> by >>>> university endowment funds and multiplied. >>>> essentially rolling cheap tax money. >>>> when there is a profit, the university keeps it. >>>> when there is a loss, it is a public write-off. >>>> >>>> nowadays whenever i see students and their parents touring the >>>> universities >>>> here in boston, >>>> i only think, here are the next lot of mugs! >>>> these are the people who are deliberately left in huge debt, >>>> which they then concentrate on paying off the next 30 years, >>>> with no time for the policing of democracy at the local or national >>>> level. >>>> >>>> bharani >>>> >>>> >>>> Message: 16 >>>> Date: Wed, 21 Mar 2012 09:07:49 +0530 >>>> From: Jayanand Govindaraj<jayanand at gmail.com> >>>> Subject: Re: [Leica] Fuji X-Pro1 - Jim >>>> To: Leica Users Group<lug at leica-users.org> >>>> Message-ID: >>>> <CAH1UNJ1=+AvJ7=jCJXTvdUnRM7o4DyhFqgib_OiKAHsMVxGP4g at mail.gmail.com> >>>> Content-Type: text/plain; charset=ISO-8859-1 >>>> >>>> It is still considered a part of the parent's duty to fully educate >>>> their >>>> offspring here in India (I am talking lower middle class and above >>>> here). >>>> Of course, there is some self preservation involved, as it is still >>>> considered a part of the offspring's duty to look after the parents in >>>> their old age. My parents in law have always stayed with me, and my >>>> parents >>>> with my brother - and they have done so for the past 20-25 years. The >>>> old >>>> joint family systems have not noticeably broken down as yet, though in >>>> urban India it is starting to happen. >>>> >>>> As far as the USA is concerned, it is my considered view that the only >>>> bubble that has not collapsed yet is in education - both in terms of >>>> affordability, and the sheer weight of student loan debt that has no >>>> chance >>>> of being repaid. >>>> >>>> Cheers >>>> Jayanand >>>> >>>> _______________________________________________ >>>> Leica Users Group. >>>> See http://leica-users.org/mailman/listinfo/lug for more information >>>> >>> >>> Henning Wulff >>> henningw at archiphoto.com >>> >>> >>> >>> >>> >>> _______________________________________________ >>> Leica Users Group. >>> See http://leica-users.org/mailman/listinfo/lug for more information >>> >>> >>> _______________________________________________ >>> Leica Users Group. >>> See http://leica-users.org/mailman/listinfo/lug for more information >>> >> >> _______________________________________________ >> Leica Users Group. >> See http://leica-users.org/mailman/listinfo/lug for more information >> > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information >