A month or so ago a classmate of mine from High School (who started at Fisher Body when we graduated High School, but quit them so he could work in the local IGA) posted a item on Facebook trying to support raising the minimum wage. It told us about a young lady from Denmark that worked at a McDonald's and was making $21/hour AND a Big Mac in Denmark was only $.59 more than in the US.
I did some research on Danish taxes, information out there seems to indicate all Danes pay an 8% tax on their gross wages (no deductions or minimums a flat 8% before any deductions or other taxes) as well as local and national income taxes. In reality the McDonald's worker in Denmark will pay about 43% of her wages in taxes or her $21/ an hour is taxed down to $14.07/hour. The income tax has two brackets 5.83% or 15%, Municipal income taxes range from 23% to 28%.
Our Media would scream that's unfair, the rich are only paying 3 times what the poor do so they're not paying "Their Fair Share"
I reply everyone pays income taxes in Denmark, that's fairer than our system.
Our government won't allow anything like this to be implemented in the US because if everyone had to pay taxes a lot fewer people would be willing to vote for more taxes.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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