Many countries in the world have a very small army. Some countries do not even have an army at all as shown in the interesting infographics below: Click to enlarge Source: RFE/RL The Vatican City has no army. Other countries with no standing armies include Panama and Haiti among others.
The minimum wage per month varies between the countries in the EU. Luxembourg has the highest minimum wage while Uzbekistan has the lowest among the countries outside the EU as shown in the chart below: Click to enlarge Source: Working For A Pittance?, RFE/RL
The Maximum Tax Rate on capital gains has always been lower than the rate on ordinary income in the US. This preferential treatment on capital gains is one reason US companies and investors are contend with lower dividends paid out by companies. Another impact is that an investor holding stocks over many years and selling …
Continue reading ‘Maximum Tax Rates on US Ordinary Income vs. Capital Gains Since 1954’ »
The World’s Largest Weapons Importing Countries based on combined 2016 and 2017 data are shown in the graphic below. Saudi Arabia tops the ranking followed by India and Egpyt. Flush with petro dollars Saudi Arabia is a buyer of all kinds of expensive weapons though the country is a huge desert surrounded by friendly countries. …
Continue reading ‘The World’s Largest Weapons Importing Countries’ »
Corporate tax revenue continued to rise up until 2015. From 2017 to 2018, corporate tax revenues collected by the US fell by 31% according to a Peterson Foundation. Click to enlarge Source: Peter G. Peterson Foundation