1min chapter

Acquired cover image

Porsche (with Doug DeMuro)

Acquired

CHAPTER

The Oddest Tax Incentive System in the World

West Germany has one of the oddest tax incentive systems I've ever seen. The maximum amount of taxes that any normal person would pay would be like 15%, 20% of your income. But for these new old industrialists above a certain income, Germany sets the marginal tax rate at 95%.

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