Are you watching Greece implode?

[nick1985]

The US government is not bailing out Greece directly. Like I said before, his tax dollars are indirectly supporting Greece through the IMF. The US pays its portion of the IMF.

US taxes ----> IMF ------> Greece

Therefore US taxes ----> Greece


Seems pretty simple to me, or am I not understanding?

 

[lsquare]

US taxes ----> IMF ------> Greece

Therefore US taxes ----> Greece


Seems pretty simple to me, or am I not understanding?

Uh, you do realize that I mentioned that right?

It's not so black and white as you claim things to be. You have direct influence on the US government's finances through elections. If you don't like how things are done, you go and do something by voting someone that you think will best represent you. You have no representation in the IMF except for the US government. However, they're more likely to vote within the IMF base on its interests and not necessarily your own. So therefore I'm still correct by stating that he is indirectly supporting Greece through the IMF.

I cannot stress this enough, the US government is not directly bailing out Greece.

 

[BlahBlahYouToo]

They're protesting government spending cuts and less social welfare money due to increased retirement age and etc.

sounds like the same fucking idiots that live in NJ.

 

[BlahBlahYouToo]

I cannot stress this enough, the US government is not directly bailing out Greece.

yeah, we're indirectly bailing out greece.

 

[0roo0roo]

how would the obama explain the liberal crisis in greece??

no one pays taxes there apparently, the tea baggers should love it

 

[HGC]

no one pays taxes there apparently, the tea baggers should love it

Greece has a top income tax rate of 40% and a VAT of 21% and a corporate tax of 25%. They have massive spending on public sector employees. Just what Obama and congressional dems are pushing here.

Tea haters should love it.

High tax rates kill economic growth. Low growth kills revenue. You cannot tax your way to prosperity.

 

[zephyrprime]

Greece has a top income tax rate of 40% and a VAT of 21% and a corporate tax of 25%. They have massive spending on public sector employees. Just what Obama and congressional dems are pushing here.

Tea haters should love it.

High tax rates kill economic growth. Low growth kills revenue. You cannot tax your way to prosperity.

Our corporate rate is 35% (although it is actually much less in reality because of all the loop holes that corporations exploit). I'm not sure what our top income tax rate is but it's roughly around 40%. We have not VAT tax but we have a sales tax in most states which is much lower than 21%.

I would say in terms of rates, Greece and the US are roughly the same with Greece a little higher. However, with all their tax dodging, Greece's effective tax rate is probably only a little higher than the US's. The reason Greece is in this mess is because of all their deficit spending and their lack of reserve currency status that the US has. Also, joining the Euro caused all sorts of structural monetary level problems for them. It made their exports higher priced but made buying debt cheaper. Result: less income, more debt.

 

[Naeeldar]

Our corporate rate is 35% (although it is actually much less in reality because of all the loop holes that corporations exploit). I'm not sure what our top income tax rate is but it's roughly around 40%. We have not VAT tax but we have a sales tax in most states which is much lower than 21%.

I would say in terms of rates, Greece and the US are roughly the same with Greece a little higher. However, with all their tax dodging, Greece's effective tax rate is probably only a little higher than the US's. The reason Greece is in this mess is because of all their deficit spending and their lack of reserve currency status that the US has. Also, joining the Euro caused all sorts of structural monetary level problems for them. It made their exports higher priced but made buying debt cheaper. Result: less income, more debt.

To actually sit there and not bring up the fact that 1/3 of workers in Greece are govt employees as problem is laughable. There are certainly other reasons to cause this melt down it's simple you can't have everybody working for the govt and have all the entitelement programs greece has and not expect things to fall apart.

I mean honestly Greece broke the most basic rules of running a business.

 

[Schadenfroh]

To actually sit there and not bring up the fact that 1/3 of workers in Greece are govt employees as problem is laughable.

Interesting, what is the percentage in the US?

 

[lsquare]

Greece has a top income tax rate of 40% and a VAT of 21% and a corporate tax of 25%. They have massive spending on public sector employees. Just what Obama and congressional dems are pushing here.

Tea haters should love it.

High tax rates kill economic growth. Low growth kills revenue. You cannot tax your way to prosperity.

It's probably not on the same level as a % of GDP. The US is not turning into a socialist state. Greece is in my opinion a socialist state.

You need to stop your issuing your partisan rhetoric. The growth in government spending cannot be blamed solely on the Obama Administration. During the Bush Administration which lasted 8 full fucking years, we had massive growth in government spending and fighting 2 wars, in which one of them was base on dodgy evidence.

 

[werepossum]

You're not directly supporting Greece through your tax dollars.

Using the no-doubt amazingly efficient UN-controlled IMF as a middleman does not change the fact that I am supporting Greece through my tax dollars, any more than using the National Endowment for The Arts as a middleman changes the fact that I am supporting crucifixes in jars of urine through my tax dollars. Were your logic valid I could give my neighbor money to buy me meth and yet I would not be buying meth.

 

[nick1985]

Were your logic valid I could give my neighbor money to buy me meth and yet I would not be buying meth.

lol

 

[jman19]

lol

Another useful "lol" post from Nick during a debate/discussion. What are you, 12?

 

[0roo0roo]

Greece has a top income tax rate of 40% and a VAT of 21% and a corporate tax of 25%. They have massive spending on public sector employees. Just what Obama and congressional dems are pushing here.

Tea haters should love it.

High tax rates kill economic growth. Low growth kills revenue. You cannot tax your way to prosperity.

Erm, you really only see what you want to. As i said, they DON'T pay their taxes. Apparently only a few thousand out of 11 million even bothered to claim they had more than 132k on their tax forms lol. The rich have so much untaxed money the state should be rich as hell from all their extra spending power by your logic.

 

[StageLeft]

Erm, you really only see what you want to. As i said, they DON'T pay their taxes. Apparently only a few thousand out of 11 million even bothered to claim they had more than 132k on their tax forms lol. The rich have so much untaxed money the state should be rich as hell from all their extra spending power by your logic.

I saw this week I recall the number was an estimate of tax evasion and the average american (or median) evades something like $300/year whereas in Greece it's about four times that. yet another proof that the Greeks love government helping them out but not if they have to actually pay for it.

 

[werepossum]

Another useful "lol" post from Nick during a debate/discussion. What are you, 12?

??? I do that too and I'm more than four times twelve.

 

[StageLeft]

??? I do that too and I'm more than four times twelve.

lol

 

[lsquare]

Using the no-doubt amazingly efficient UN-controlled IMF as a middleman does not change the fact that I am supporting Greece through my tax dollars, any more than using the National Endowment for The Arts as a middleman changes the fact that I am supporting crucifixes in jars of urine through my tax dollars. Were your logic valid I could give my neighbor money to buy me meth and yet I would not be buying meth.

Using the same logic that you're using, then I suppose every member country of the IMF is bailing out Greece. That's just a flawed way of looking at things, but w/e, if you really think you're supporting Greece and you don't want to, then what are you going to do about it? No one is necessarily representing your interest at the IMF.

 

[lsquare]

I saw this week I recall the number was an estimate of tax evasion and the average american (or median) evades something like $300/year whereas in Greece it's about four times that. yet another proof that the Greeks love government helping them out but not if they have to actually pay for it.

I think that's what's pissing off so many people. The Greeks seem to think that it's their right to receive those government benefits without taking into account that no one is paying for them.

 

[nick1985]

Another useful "lol" post from Nick during a debate/discussion. What are you, 12?

If something is funny, I laugh. Get the dildo out of your ass

 

[Dissipate]

I saw this week I recall the number was an estimate of tax evasion and the average american (or median) evades something like $300/year whereas in Greece it's about four times that. yet another proof that the Greeks love government helping them out but not if they have to actually pay for it.

$300 a year, damn, that wouldn't even be 1 week of my taxes. Those are some low baller tax evaders. As for Greece, good for them sticking it to the man. The Greek government is probably corrupt as filthy hell.

 

[jman19]

If something is funny, I laugh. Get the dildo out of your ass

Calm down buddy, you have some rage problems.

 

[Schadenfroh]

Calm down buddy, you have some rage problems.

I do not see any rage, I see a wise-ass reply to a smart-ass response.

 

[KlokWyze]

??? I do that too and I'm more than four times twelve.

lol :awe:

 

[lsquare]

$300 a year, damn, that wouldn't even be 1 week of my taxes. Those are some low baller tax evaders. As for Greece, good for them sticking it to the man. The Greek government is probably corrupt as filthy hell.

The current government came to power not too long ago. I think your comment is unwarranted and unfair to them. They inherited a mess from the previous administration. I think it's fair to say that previous governments are corrupt and definitely contributed to this fiasco.

Every country have tax evaders man. It goes without saying that you can never ever eliminate tax evasion. What any country can do is minimize the number of tax evaders by aggressively going after them while also offering amnesty to get some ppl out of the shadows.