|
Korean Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
|
| View previous topic :: View next topic |
| Author |
Message |
CA-NA-DA-ABC
Joined: 20 Jun 2006
|
 Posted: Sat Aug 22, 2009 12:56 am Post subject: income tax rates around the world |
 |
|
simplified income tax rate comparison
[img]http://en.wikipedia.org/wiki/File:Income_Taxes_By_Country.svg[/img]
In countries like Belgium, the first 6 months or so of the year you're essentially working free for the government 
and look at where Korea is. |
|
| Back to top |
|
 |
Uncle Kevin
Joined: 17 Aug 2009
|
| Posted: Sat Aug 22, 2009 7:22 am Post subject: |
|
|
| I will assume your from Canada based off your user name. What are the differences between the Canadian tax system and Korean tax system? |
|
| Back to top |
|
|
gakduki
Joined: 16 Jul 2009
Location: Passed out on line 2 going in circles
|
| Posted: Sat Aug 22, 2009 7:59 am Post subject: |
|
|
its not only about how much tax its about what you get for your taxes. Here there is not universal health care, free garbage collection, a decent wealfare system, the public education system is nothing to brag about forcing parents to spend thousands a year on private education. ETC.
Also, average income in Korea is much less than say Canada, so people are in lower tax brackets and thus pay a lower percentage of their income in tax.
But its great when your an English teacher, who doesn't give a damn about public services or how much money other people make. |
|
| Back to top |
|
|
wesharris
Joined: 10 Oct 2008
|
| Posted: Sat Aug 22, 2009 8:25 pm Post subject: |
|
|
Dude, seriously. All that COSTS you money. National healthcare is a joke if you're losing 60% of your income to frickin' taxes. PERSONAL RESPONSIBILITY is a must, and yes I am shouting. To expect the government to take care of everything is not the bee's knees, it's the ants butt alright ? Not cool, capiche? And if you don't agree with me, don't bother replying because I"m right and you know it.
_+_+
Wes |
|
| Back to top |
|
|
CA-NA-DA-ABC
Joined: 20 Jun 2006
|
| Posted: Sun Aug 23, 2009 1:23 pm Post subject: |
|
|
| gakduki wrote: |
its not only about how much tax its about what you get for your taxes. Here there is not universal health care, free garbage collection, a decent wealfare system, the public education system is nothing to brag about forcing parents to spend thousands a year on private education. ETC.
Also, average income in Korea is much less than say Canada, so people are in lower tax brackets and thus pay a lower percentage of their income in tax.
But its great when your an English teacher, who doesn't give a damn about public services or how much money other people make. |
You're right. Robbing upwards of half of your hard-earned income to hand it over to the homeless and drug addicts is surely a good way for your tax dollars to be spent. It penalizes hard work and provides an incentive to be lazy. |
|
| Back to top |
|
|
Ilsanman
Joined: 15 Aug 2003
Location: Bucheon, Korea
|
| Posted: Sun Aug 23, 2009 3:51 pm Post subject: |
|
|
Nothing like blaming the poor and weak.
| CA-NA-DA-ABC wrote: |
| gakduki wrote: |
its not only about how much tax its about what you get for your taxes. Here there is not universal health care, free garbage collection, a decent wealfare system, the public education system is nothing to brag about forcing parents to spend thousands a year on private education. ETC.
Also, average income in Korea is much less than say Canada, so people are in lower tax brackets and thus pay a lower percentage of their income in tax.
But its great when your an English teacher, who doesn't give a damn about public services or how much money other people make. |
You're right. Robbing upwards of half of your hard-earned income to hand it over to the homeless and drug addicts is surely a good way for your tax dollars to be spent. It penalizes hard work and provides an incentive to be lazy. |
|
|
| Back to top |
|
|
AgentM
Joined: 07 Jun 2009
Location: British Columbia, Canada
|
| Posted: Sun Aug 23, 2009 4:32 pm Post subject: |
|
|
| CA-NA-DA-ABC wrote: |
| gakduki wrote: |
its not only about how much tax its about what you get for your taxes. Here there is not universal health care, free garbage collection, a decent wealfare system, the public education system is nothing to brag about forcing parents to spend thousands a year on private education. ETC.
Also, average income in Korea is much less than say Canada, so people are in lower tax brackets and thus pay a lower percentage of their income in tax.
But its great when your an English teacher, who doesn't give a damn about public services or how much money other people make. |
You're right. Robbing upwards of half of your hard-earned income to hand it over to the homeless and drug addicts is surely a good way for your tax dollars to be spent. It penalizes hard work and provides an incentive to be lazy. |
Uh, you do realize that that is not all our tax money goes to right?  |
|
| Back to top |
|
|
gakduki
Joined: 16 Jul 2009
Location: Passed out on line 2 going in circles
|
| Posted: Sun Aug 23, 2009 8:24 pm Post subject: |
|
|
| wesharris wrote: |
Dude, seriously. All that COSTS you money. National healthcare is a joke if you're losing 60% of your income to frickin' taxes. PERSONAL RESPONSIBILITY is a must, and yes I am shouting. To expect the government to take care of everything is not the bee's knees, it's the ants butt alright ? Not cool, capiche? And if you don't agree with me, don't bother replying because I"m right and you know it.
_+_+
Wes |
60% tax is terrible, I'm not defending the worst social democracies tax rates, but I think at some point tax is too low. If you've been reading the news, they are trying to close down so called 'tax havens' basically robbing western governments out of tax income. places such as Lingapore, Lichenstien, Caymen Islands etc. All tax doen't go to supporting crackheads. What about medical emergencies that cause bankruptcies in countries like USA and Korea. How about terrible roads that slow down traffic, cause delays, force you to spend more on your car. Poor police systems in many third world countries where criminals go unprosecuted, justice isn't served. Garbage heaps, common we need some taxes. And arguing over the rate is the job of a public finance economist.
With everything taken into consideration, people in moderate social democracies live better than anyone else on the planet. So having a 20-35% tax rate is probably close to an optimal rate. 0% would just be idiodic and lead to massive problems, and anything over the 45-55% range starts causing people to work less. Besides what about all the middle class, lazy govenment employees, what would they be doing if we didnt support them? At least they come to our shops and put their children in our hagwons, not taxing some rich guy so he can spend him money on imported luxuries and vacations is not the way to go. |
|
| Back to top |
|
|
Fox
Joined: 04 Mar 2009
|
| Posted: Sun Aug 23, 2009 9:09 pm Post subject: |
|
|
| gakduki wrote: |
| its not only about how much tax its about what you get for your taxes. |
This is something I think many people fail to appreciate. A tax rate in and of itself is totally meaningless; what matters is the tax rate in concert with what you're getting for it.
| wesharris wrote: |
| Dude, seriously. All that COSTS you money. National healthcare is a joke if you're losing 60% of your income to frickin' taxes. |
Obviously, the entire 60% that you're giving to the government isn't going to health care, only a part of it. The rest goes to various other services provided to society. If you think the nearly 60% Belgians pay is too much, perhaps you'd care to break down exactly which social programs they should give up, how much it would save them on taxes, and what their society would gain in return by using that money on other things?
| wesharris wrote: |
| PERSONAL RESPONSIBILITY is a must, and yes I am shouting. |
Personal responsibility is great, until your lack of personal responsibility starts hurting me. One of the reasons American health care is so expensive, for instance, is that those who actually pay for their health care are also paying for those who skip out on their bills.
Personal responsibility is a wonderful mantra, it sound so nice. But in a society focused on personal responsibility, the responsible people still end up paying for the irresponsible. My medical costs are higher because you don't pay your bill. The goods and services I pay cash for are more expensive because you choose to use a credit card. Even in a purely capitalist system, I pay for your lack of responsibility.
| wesharris wrote: |
| To expect the government to take care of everything is not the bee's knees, it's the ants butt alright ? |
Paying the government and getting health coverage in return is no different than paying a private corporation and getting health care in return, excepting the fact that at least the government hypothetically has your best interests at heart, while the private corporation has every incentive in the world to try to screw you if they can get away with it. |
|
| Back to top |
|
|
UknowsI
| |
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
