Notquiteaplace
12-05-2004, 11:32
How many fo you overlook the fact income tax isnt the only source of government revenue via taxation when working out budgets?
Just out of interest as generally counteries with lower income tax will extract money in other ways too.
Obviously if your income tax is flat rate 100% there arent going to be other sources.
but for countries with income tax rates below 100% the tax revenue will follow a logarithmic curve of income tax versus total tax revenue, with both meeting at 100% but before 100% total tax will be greater than income tax...
Sorry that will make little sense to most of you, but i just thought that it might be useful for many countries.
But dont forget that money goes many ways and for most real counteries defence is rarely aboe 20% of the budget. Hope that helps some people.
Just out of interest as generally counteries with lower income tax will extract money in other ways too.
Obviously if your income tax is flat rate 100% there arent going to be other sources.
but for countries with income tax rates below 100% the tax revenue will follow a logarithmic curve of income tax versus total tax revenue, with both meeting at 100% but before 100% total tax will be greater than income tax...
Sorry that will make little sense to most of you, but i just thought that it might be useful for many countries.
But dont forget that money goes many ways and for most real counteries defence is rarely aboe 20% of the budget. Hope that helps some people.