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The Basement
2011 U.S. Budget Cut in Perspective
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<blockquote data-quote="Christian Tepfer" data-source="post: 33908" data-attributes="member: 108"><p>Re: 2011 U.S. Budget Cut in Perspective</p><p></p><p></p><p>Don't feel too bad, your missing revenue is a missing deduction on the other side. So it doesn't matter too much if you are at 80, 90 or 100% of your revenue potential.</p><p></p><p>Over here with a steep tax progression every Euro I earn more steals taxes as my business partners usually have higher tax rates than me, so when they deduct the amount I get from them they can cut more taxes than I pay more.</p></blockquote><p></p>
[QUOTE="Christian Tepfer, post: 33908, member: 108"] Re: 2011 U.S. Budget Cut in Perspective Don't feel too bad, your missing revenue is a missing deduction on the other side. So it doesn't matter too much if you are at 80, 90 or 100% of your revenue potential. Over here with a steep tax progression every Euro I earn more steals taxes as my business partners usually have higher tax rates than me, so when they deduct the amount I get from them they can cut more taxes than I pay more. [/QUOTE]
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