Posted on 12/13/2017 4:14:00 PM PST by Ennis85
The United States is a low-tax country.
This is not a widely accepted point, granted. The share of Americans who say that their taxes are too high is at roughly 50 percent, a 15-year peak. Moreover, Republicans have sold their tax bill as an essential tax cut for America’s income-starved, tax-strangled families and businesses, promising to deliver $4,000 a year to the average family and huge boosts to corporate investment. “Today, America has one of the least competitive tax rates on planet Earth, 60 percent. Think of that, 60 percent higher than the average in the developed world. So our taxes are 60 percent higher,” President Trump said this month. “These massive tax cuts will be rocket fuel.”
But much of this rhetoric is incorrect. The United States is a low-tax country and is about to become a lower-tax country, assuming the Republicans manage to pass their $1.5 trillion in cuts. It is also a low-benefit country and is about to become a lower-benefit country, if Republicans can move forward with their long-planned cuts to safety-net and social-insurance programs. And it is becoming a lower-tax, lower-benefit country at a time when the economy needs more support for poor and middle-class families — not less.
Data from the Organization for Economic Cooperation and Development clearly shows that the United States is not a particularly heavily taxed country at all. Indeed, out of 35 developed economies, the United States’ tax burden as a share of GDP — 26 percent — is the lowest save for four others: Turkey, Ireland, Chile, and Mexico. (Turkey, Mexico, and Chile are considerably poorer than the United States, and have considerably younger populations.) The social democracies of northern Europe, like Denmark and France, take in nearly 50 percent of their GDPs and spend the money on ample welfare states, including child-care benefits and
(Excerpt) Read more at medium.com ...
Poor Annie. She just can’t give away too much of my money.
Annnnieeeee,... stuff it!
Every entity in the U. S. spends it’s money better than the government does.
I realize we need funds for our military, and that’s okay.
I’m not against our government getting money. I am very much against how much it gets.
Onward to reducing our federal government expenditures by 80-90 percent.
I think I read sometime back that the greatest increase in wealth in this country, if not the world, took place here from the Civil War to about 1910. There was no income tax then and we seemed to run the Federal G’ment just fine.
I wonder what changed that rate of growth?
DemocRat tax plan: 100% taxation of all income. Then the government will decide what you need.
Yes, and mooching off from us for their needed protection. They are mostly failing, despite their cooked books. They are dumbed down slaves of the state.
How strong is your resolve, Annie? How far will you go to oppose me in opposing you?
And they still can’t reproduce above the replacement rate.
We are no longer represented by our elected officials other than the President and a few lone hold outs. Basically we are back to 250 years ago where we were taxed without representation, only the tyrant is in our backyard.
What we need to be is a low-Government Spending Country.
Uh...Annie...That's about the percentage of people that file that actually do pay federal income tax.
What you're saying is that EVERYONE that pays taxes feels that it is too much.
Then why are there corporate inversions?
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