The corporate tax rate starts from high amount, while individual starts from lower amount, and in many case even the top earners don’t have as high. It’s mostly because top earners are still salaried and that’s not “profit”, if you have a business you already are paying corporate tax. Many rich people employ their family to pay less tax, but you can’t do anything that requires specific qualifications.
Edit: for individual tax brackets and what is a reasonable salary, would take more research. I might do that later in the month because now I’m interested.
This is the first time I hear that there are countries that have company profit tax more than employee tax. What countries are those?
Interesting, I thought that’d be a normal thing because it makes so much sense.
I didn’t go deeper into it, but I could see several examples in just the first 10 entries here:
https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates
The corporate tax rate starts from high amount, while individual starts from lower amount, and in many case even the top earners don’t have as high. It’s mostly because top earners are still salaried and that’s not “profit”, if you have a business you already are paying corporate tax. Many rich people employ their family to pay less tax, but you can’t do anything that requires specific qualifications.
Edit: for individual tax brackets and what is a reasonable salary, would take more research. I might do that later in the month because now I’m interested.