Capital Gains - Progressive not flat

harryc · Post by **harryc** » Mon Nov 02, 2015 12:54 pm

It doesn't need too much thought to realize one whack at the inequality going on- and the cuts in government service - would be to make capital gains progressive:

http://yle.fi/uutiset/tassa_ovat_vuoden ... et/8418674

eg - annual salary for Samuli Seppälä - Verkkokauppa is 50,000€

while total income 5 million+ --- !!

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FinnGuyHelsinki · Post by **FinnGuyHelsinki** » Mon Nov 02, 2015 2:03 pm

So? He's still paying almost a third of that in taxes. If you aren't in the two upper categories, you might want to consider how much you can afford to whine. http://www.lansivayla.fi/artikkeli/3328 ... ko-potista

harryc · Post by **harryc** » Mon Nov 02, 2015 2:22 pm

It's not whining - it's trying to get us out of this very unstable situation.

Rip · Post by **Rip** » Mon Nov 02, 2015 9:12 pm

At least I much prefer him reporting income and paying taxes, unlike, our prime minister, for example.

harryc · Post by **harryc** » Mon Nov 02, 2015 9:15 pm

That may be / but his tax rate is the same as mine with less than 1% of his #income!

Finland was supposed to be a country with an understanding of progressive taxation - and that principle has always been basically approved by those being taxed progressively.

FinnGuyHelsinki · Post by **FinnGuyHelsinki** » Tue Nov 03, 2015 6:52 am

harryc wrote:It's not whining - it's trying to get us out of this very unstable situation.

Alienating those that are still paying millions of euros annually does not help the situation one bit, the only way to get out of this mess is to dramatically reduce the size of the public sector and cut public spending accordingly. Laying off let's say 100 000 would be a good start, excluding people doing the ground work for e.g. police, health care and military.

harryc · Post by **harryc** » Tue Nov 03, 2015 8:15 am

We're supposed to worry about alienating Samuli Seppälä and friends????

FinnGuyHelsinki · Post by **FinnGuyHelsinki** » Tue Nov 03, 2015 8:29 am

harryc wrote:We're supposed to worry about alienating Samuli Seppälä and friends????

Even if those making 1+ million euros a year (of whom there were 443) would pay double the income tax they do now, it would not be enough to compensate for the current spending of several billions of euros more than what Finland can afford. Many of those employ loads of other people and have companies which pay taxes as well, in total contributing much more than just their personal taxes. So why not just stop the ignorant jealous crap and instead strive for employing others and making similar money yourself.

harryc · Post by **harryc** » Tue Nov 03, 2015 8:30 am

I'm glad to see them off -

FinnGuyHelsinki · Post by **FinnGuyHelsinki** » Tue Nov 03, 2015 8:46 am

harryc wrote:I'm glad to see them off -

Yes, mathematics and logic were never a strong suit for the left wing.

Rip · Post by **Rip** » Tue Nov 03, 2015 9:05 am

harryc wrote:That may be / but his tax rate is the same as mine with less than 1% of his #income!

Actually, I don't think that is quite true (unless you count your pension contribution as a 'tax'). With the income you say you have, your tax rate should be below 30%, right?

Upphew · Post by **Upphew** » Tue Nov 03, 2015 11:04 am

FinnGuyHelsinki wrote:So? He's still paying almost a third of that in taxes. If you aren't in the two upper categories, you might want to consider how much you can afford to whine. http://www.lansivayla.fi/artikkeli/3328 ... ko-potista

40% if the capital gains are from dividends. Taxman takes 20% from the profit company makes before you can start to take that money out.

FinnGuyHelsinki · Post by **FinnGuyHelsinki** » Tue Nov 03, 2015 12:17 pm

Upphew wrote:
FinnGuyHelsinki wrote:So? He's still paying almost a third of that in taxes. If you aren't in the two upper categories, you might want to consider how much you can afford to whine. http://www.lansivayla.fi/artikkeli/3328 ... ko-potista
40% if the capital gains are from dividends. Taxman takes 20% from the profit company makes before you can start to take that money out.

His tax percentage (32,1%) was included in the original link.

Rip · Post by **Rip** » Tue Nov 03, 2015 12:43 pm

FinnGuyHelsinki wrote: His tax percentage (32,1%) was included in the original link.

40% was calculated taking into account the taxes paid by the corporation from the profits used to pay the dividends.
(salaries unlike dividends are tax deductible for the company paying them)

FinnGuyHelsinki · Post by **FinnGuyHelsinki** » Tue Nov 03, 2015 1:14 pm

Rip wrote:
FinnGuyHelsinki wrote: His tax percentage (32,1%) was included in the original link.
40% was calculated taking into account the taxes paid by the corporation from the profits used to pay the dividends.
(salaries unlike dividends are tax deductible for the company paying them)

Yes, the issue was with how much income Seppälä had and what was his tax percentage, both figures were already available.

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