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Usually it'll go something like: sell product, pay VAT (easily 20% in many countries), take EBT and pay some form of corporate income taxes, then take those profits and pay them out as dividends and pay dividend taxes, or retain earnings and pay for cap gains tax. Or alternatively skip the first step and say you're paying VAT taxes which raises the costs of all your consumption. The end result can be quite high on paper. But then, there's lots of other factors that have nothing to do with Panamanian shady tax loopholes, that create a different reality from the top 'tax rate tables' people like to quote from wikipedia.

Anyway, for actual rates paid, just look at the tax revenues in a country in a given year, then look at GDP and take its percentage. It'll give you a pretty decent proxy for average effective tax rates, iirc in the US it's a little under 30%, on average. That's nothing to complain about. Of course some people pay more, and we call those people rich and some people filthy rich. Frankly, I couldn't care less about that but that's me.




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