Weekly Weigh In: Billionaire Birth Place, Tax from Soccer, Europe Thoughts & South Korean Traders
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Tax from World Cup
The players won $995K each. After US tax + Spain tax: ~$450K.
More than half their prize money goes to tax. The irony? → Spain taxes world champions on income earned in New Jersey → The US taxes non-residents on winnings in New Jersey → Everyone loses except the taxman The real lesson: location matters for income
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Moment of Reflection
After getting situated outside of Europe again, and reading newsletter of those who are having their summer vacations on the continent I believe it’s obvious that the world, Europeans included, is using Europe as a theme park. There are museums here, restaurant there, beaches here & tour there. Nobody asks questions about the traditions or the owners of the theme park or festivities because no-one longer cares. Instead, everybody takes their photos and they’re onto the next ride.
And the Europeans have the same enthuse to work their jobs as working in a theme park. Like this guy from Jurassic World:
South Korean Traders Looking to Borrow More:
2% you say??
Europe gets more from punishment of USA tech companies on their soil than they do from normal punishment (taxation)
