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Jimmy Strobl

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What are the best and worst laws and practices of your region/state/country

Answer as many as you'd like.

Topics: law
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Closing Statement from Jimmy Strobl

Many great thoughts in this conversation, I wish that they still had open-ended Conversations...

I had fun, learned much!

Anyway, It's "impossible" to summarize it, sorry about that.

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    Bruno Carre

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    Sep 23 2012: Here in Belgium, I find the inheritance taxes a bit unfair.
    We already pay up to 55% taxes, which is ok with me because we have a great healthcare system. You don't have to be rich (or wait) to benefit from quality medical services.
    But the inheritance taxes are also fairly high, it can amount to 30%.
    So, it means if someone makes 100k a year, he will keep 45k. Should he decease, these 45k will be taxed again at a 30% rate.
    Do the math, the money left is 31,5k...which means there's almost a 70% tax on income in some cases (starting from a certain amount of money left by the deceased, you wouldn't pay 30% on 45k but you get the picture). It's outrageous.

    As for the best, Belgium is usually one of the first countries to adopt laws such as the right for abortion, same sex marriage, etc. That I'm proud of!
    Greetings from Belgium,
    Bruno

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