With a top rate of 35%, we are better off than Europe but by not much.
We cannot offer a flat tax like Russia has to encourage people to come live and invest here and create good-paying jobs.
13% is why Gerard Depardieu left France to settle in Russia because he didn’t want to pay his country’s confiscatory taxes on his income.
I believe in people keeping their wealth and using it to benefit others and they can do that much better than the government can do it.
Well, we can, but we'll have to dispose of all the Commies in Congress first to get the tax rates lowered.
“With a top rate of 35%, we are better off than Europe but not by much.”
Top rate for federal income tax in 2013 is 39.6%. Add social security and state income taxes and it is easy to be over 50%.