Gnosly Feed - taxes

The 400 richest Americans pay 1.3% of their net worth in taxes each year. Middle earners pay 4% to 7%. The result is a lower quality of life for society and lower life expectancy, as these taxes fund health care, roads, and social services.

Thu, 12 Nov 2026 10:56:16 +0000

Source: Noah Gift @ Pragmatic AI Labs

Europe VAT tax Rates (2024)

Sun, 08 Nov 2026 04:42:00 +0000

Source: GlobalStatsX (X)

High-income workers are fleeing Europe

Thu, 05 Nov 2026 06:15:36 +0000

Economic theory tells us that the more mobile a factor of production becomes, the lower its optimal tax rate. This is why taxes on capital, which is relatively mobile, tend to be lower than taxes on labor, which historically has been less mobile.

However, as the chart below shows, as elite human capital has become more footloose, high taxes have become increasingly counterproductive. This is a huge existential problem for European welfare states, which have traditionally relied on heavily taxing their most productive workers.

Canada vs. US taxes: an engineer who makes US-$200K would pay 53% in Ontario or BC versus 35% in Washington, 46% in California, or 35% in Texas.

Sat, 31 Oct 2026 05:24:34 +0000

Source: Josh Dehaas (X)

EU and euro area tax-to-GDP ratio up in 2025. The overall tax-to-GDP ratio (the sum of taxes and net social contributions as a percentage of gross domestic product (GDP)) in the EU stood at 40.7% in 2025, up from 40.2% in 2024.

Fri, 30 Oct 2026 14:17:59 +0000

The tax-to-GDP ratio varied significantly between EU countries in 2025, with the highest shares of taxes and social contributions as a percentage of GDP recorded in France (46.0%), Belgium (44.7%), Denmark (44.3%) and Austria (43.9%). At the opposite end of the scale, Ireland (22.7%), Romania (29.3%), Malta (30.3%) and Bulgaria (30.6%) registered the lowest ratios.

The British public has never paid more in taxes. The tax burden is at its highest level since the end of the Second World War. In the UK, the debt has just topped 33T for the first time. Pressure is building to increase funding for the military and security, all while filling a 35B hole in the finances.

Wed, 28 Oct 2026 07:31:16 +0000

Source: The Telegraph

The Most and Least Taxed Countries Across Europe, the US, and Asia

Fri, 02 Oct 2026 06:40:59 +0000

Ranked: The World’s Most and Least Taxed Countries