Join Date: Dec 2004
Location: Boulder, CO
Bikes: Road, MTB, Folding, Commuting bikes...
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"The amount of this income shall be as assessed by the UCI, provided that the net income shall be assessed at 70 (seventy) % of the corresponding gross income."
Wow. Only 30% income tax rate on on someone grossing that much? I'd assume that different countries have different effective income tax rates?
Personally, I think everyone should have to pay the same dollar amount to their government for being alive rather than a percentage of their income. It's not fair that you paid $40 for maintenance of that road and I paid $5 because I flip burgers...but we are both equally allowed to use it or btich about it to our elected officials, etc. If the government body needs more money then pay for it by assessing retail sales tax on the devices (cars, motorcycles, bicycles) to pay for it..