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by ta1243
406 days ago
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When you get a fine in Europe it tends to be related to your income. Not your income after your expenses, your actual income. Finland for example will fine you 100k for speeding if your income is high enough. In the UK fines range from 50% of your weekly income (band A) to 600% of your weekly income. Someone on £500 a week income and spending that on housing, food etc, could pay £3k. Someone with the same offence on £50k a week would be fined £300k. |
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Individuals are also taxed on all their income, whereas corporations are taxed only on their profit.
Corporations are effectively intermediaries in production chains. Profit is the only meaningful metric, how much value do they add. Individuals are at the "end" of the chain, how much value do they consume.
The proper analogy of a fine being based on income for an individual, is for a fine being based on profit for a corporation.