Wednesday, March 11, 2009

Finnish millionaire gets 111,888-euro speeding ticket

speedingA Finnish millionaire Jari Bär, the former owner of the Iisalmi’s company Finnritilä was handed a fine of 111,888 euros (141,661 dollars) for doing 82 km/h (51 mph) in a 60 km/h (37 mph) zone on January in Siilijärvi, Finland.

According to Savon Sanomat if the speed had been 80 km/h the fine would have been only 115 Euros.

Looks like these extra 2 km were critical and cost him more than a brand new Porsche 911 GT3. In his case 20 km more would have been a standard fine, but these 2 extra kilometers made the difference.

Why such a huge speeding ticket? In Finland fines are issued according to ones salary per day. As Mr. Bär was 2 km over the standard fine range he had to pay his 12 days income. If his income in 2007 had been 50 euros a day, then the ticket would have been 600 euros.

It turns out that in 2007 he sold a majority stake in his company and in average made an impressive 9300 euros a day, which translates to a 111,888 euros speeding ticket. Of course Mr. Bär is not happy as his real income today is not that big.

In Finland tax records are public and there is no such thing as maximum fines. The more you make the more you pay!

Original here

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