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"No kidding: U.S. taxes are a bargain" (Who woulda thought?)

I

i3rYs0n

Golden Member
Linky


Wow to most people this would come as a suprise

According to 1999 figures from the Organization of Economic Development and Cooperation, America ranks No. 28 out of 30 industrialized nations for total federal (or central government) tax burden.

and By comparison, gold, silver and bronze medals in the tax-burden finals went to Sweden (52.38%), Denmark (49.42%) and Finland (46.27%). . --- America is only - (26.02%)

omg --- half of the mony you make to the gov. (for Sweden)

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LaSt
 


<< yep, i'd rather take my money rather than socialized health care. I dont want to pay for others! >>



Absolutely. Let me keep more of what I earn and I will take care of myself thanx.

I was surprised to see Australia just two places above the US... good on us. 😀
 
They didn't mention state taxes. (Only a New Yorker would look at New Jersey as a tax haven. 🙂 ) Or employment taxes, which are generally lower in the US than in the rest of the OECD.

Yeah, it's generally true that overall US taxes are low in the OECD scheme of things. Then again, so what? It still seems like a ripoff to me every April 15th. :|
 
To my knowledge, those numbers do not show how much of your income state takes away in taxes, but what's the share of taxes in GDP. Those are two separate things! For example, my income is about average in Finland, and I pay about 25% of my income in taxes.
 
my income is about average in Finland, and I pay about 25% of my income in taxes.

In the UK its about 30-40% based on your income :disgust::Q:frown::disgust:
 


<< my income is about average in Finland, and I pay about 25% of my income in taxes.

In the UK its about 30-40% based on your income :disgust::Q:frown::disgust: >>



Same in Finland, higher the income, higher the taxation. The ABSOLUTE highest taxation you can have here is 55%. To have taxes that high you must make ALOT of money. Most people pay about 25-35% I guess.
 


<<

<< my income is about average in Finland, and I pay about 25% of my income in taxes.

In the UK its about 30-40% based on your income :disgust::Q:frown::disgust: >>



Same in Finland, higher the income, higher the taxation. The ABSOLUTE highest taxation you can have here is 55%. To have taxes that high you must make ALOT of money. Most people pay about 25-35% I guess. >>



Hey Nemesis, exactly how much money?

Over here, shortly after the 100k mark, your taxes go up dramatically (close to 50% for overall taxes) Whats the number over there?
 


<< I'm proud to pay my taxes. It's a small price to pay for the privelige of living in this greatest of nations. >>



I'm not proud of them wasting my money and then to solve the problem of wasting money, throwing more money on top. :disgust:
 
They should have a flat tax. Just because you make more money why should you pay a higher pecentage? You are paying more money if you pay the same %, if you are making more money than someone.
 
When I was in Germany, an accountant friend indicated that the top tax rate topped out at 53 percent there.

From my understanding, Gerhard Schroeder the current Bundeskanzler implemented some reforms lowering this figure. I believe the Mehrwertsteuer or sales tax remains at around 17-18 percent.
 


<< They should have a flat tax. Just because you make more money why should you pay a higher pecentage? You are paying more money if you pay the same %, if you are making more money than someone. >>



Sorry. Thet makes too much sense and it has a nasty tone of fairness 😉
 


<<

<< Same in Finland, higher the income, higher the taxation. The ABSOLUTE highest taxation you can have here is 55%. To have taxes that high you must make ALOT of money. Most people pay about 25-35% I guess. >>



Hey Nemesis, exactly how much money?

Over here, shortly after the 100k mark, your taxes go up dramatically (close to 50% for overall taxes) Whats the number over there? >>



Let's see... I'm not an expert when it comes to taxation, but it seems something like this:

Income/year(in euros) tax-%

2.000 1%
5.000 11%
10.000 15.5%
15.000 20%
20.000 24.5%
25.000 28.5%
30.000 31%
35.000 33.5%
40.000 36%
45.000 37.5 %
50.000 38.5%
55.000 40%
60.000 41.5%
65.000 42.5%
70.000 43.5%
75.000 44.5%
80.000 45.5%

Of course, the actual % can be lower if you have expenses that yoy can put in to taxation (union-membership-costs, commuting costs, interests on mortage and/or student-loans etc.). You can see the complete chart in the bottom of this page. The horizontal figures (0 - 6.000) are the amount of expenses you can put to taxation, vertical numbers (2.000 - 80.000) represent your income. You can get yout tax-% by cross-referencing those two figures.
 


<< I'm proud to pay my taxes. It's a small price to pay for the privelige of living in this greatest of nations. >>



Of course, taxes are a fact of life, and both the priviledge and burden of living in a civilized state. I don't think anyone was saying that taxes should (or could) be abolished altogether. That brings the discussion back to where it began, that being "how much tax is too much?"

Quick question in relation to that topic, would you feel MORE proud if your taxes (and thus the amount you paid) were higher? Would you feel less pride if tax rates fell? In short, do you base your self-worth or image on the amount of taxes you pay? I'd say most people would feel just as much satisfaction of being a good, law abiding tax payer, even if their taxes were significantly lower. Of course, you may be the exception which proves the rule.
 
Typical liberal BS to compare the US tax structure to the rest of the world to justify higher taxes in the US. If you think your taxes are too low you can write a check to the US Treasury any time you feel.
 


<< Typical liberal BS to compare the US tax structure to the rest of the world to justify higher taxes in the US. If you think your taxes are too low you can write a check to the US Treasury any time you feel. >>



Yep. I can't believe these folks. They complain that a tax cut is a bad idea. So I ask them if they will be figuring their taxes on the higher scale and sending in the difference. Not one has said yes.
 
As for our taxes being low, this does NOT include state and property taxes, or sales taxes either. It doesn't include the taxes on specific products either such as alcohol tobacco and gasoline.

At the end of the year, nearly 50% of my income goes to federal, state and local taxes. Some of my income is taxed two and three times.

Our taxes are simply hidden in the things we buy and property we own or rent. And we have states with seperate tax systems that were not counted in this study.
 


<< As for our taxes being low, this does NOT include state and property taxes, or sales taxes either. It doesn't include the taxes on specific products either such as alcohol tobacco and gasoline.

At the end of the year, nearly 50% of my income goes to federal, state and local taxes. Some of my income is taxed two and three times.

Our taxes are simply hidden in the things we buy and property we own or rent. And we have states with seperate tax systems that were not counted in this study. >>



Same here as far as percentages paid. I dont need my taxes any higher than they already are.


Thanks for the info Nemesis!
 


<< As for our taxes being low, this does NOT include state and property taxes, or sales taxes either. It doesn't include the taxes on specific products either such as alcohol tobacco and gasoline.

At the end of the year, nearly 50% of my income goes to federal, state and local taxes. Some of my income is taxed two and three times.

Our taxes are simply hidden in the things we buy and property we own or rent. And we have states with seperate tax systems that were not counted in this study. >>



Taxes are hidden in other countries too. Look at the UK. Isnt the VAT at 17.5% I'll take 6% anyday 🙂
 


<< Yep. I can't believe these folks. They complain that a tax cut is a bad idea. So I ask them if they will be figuring their taxes on the higher scale and sending in the difference. Not one has said yes. >>


But of course. They take much satisfaction in confiscating and spending other people's money. Rather like thieves, eh?
 


<<

<< As for our taxes being low, this does NOT include state and property taxes, or sales taxes either. It doesn't include the taxes on specific products either such as alcohol tobacco and gasoline.

At the end of the year, nearly 50% of my income goes to federal, state and local taxes. Some of my income is taxed two and three times.

Our taxes are simply hidden in the things we buy and property we own or rent. And we have states with seperate tax systems that were not counted in this study. >>



Taxes are hidden in other countries too. Look at the UK. Isnt the VAT at 17.5% I'll take 6% anyday 🙂 >>



Yep, you're right. Look at the gas tax in most European countries. Good GAWD!
 
These figures are obviously very focused on one particular tax and don't give you the whole picture.

Taxpaying American citizens pay the following taxes on top of the federal tax:
State Tax (except for Tennessee, Texas, and Florida)
Property Tax
Sales Tax
Gas Tax
AMT tax
Social Security Tax (really a bad retirement scheme that would be illegal if it weren't run by the govn't)
Medicare Tax (health insurance really)
And the ever so fun DEATH TAX.

All told, this can end up being over 50% of your income.

Christopher Ruddy recently wrote a couple of interesting articles concerning this. Go check out http://newsmax.com/ruddy/ and look at his Mar 20 and Mar 22 articles. Really interesting to know that we pay more taxes as a percentage of our incomes than medieval serfs in Europe did.
 


<< These figures are obviously very focused on one particular tax and don't give you the whole picture.

Taxpaying American citizens pay the following taxes on top of the federal tax:
State Tax (except for Tennessee, Texas, and Florida)
Property Tax
Sales Tax
Gas Tax
AMT tax
Social Security Tax (really a bad retirement scheme that would be illegal if it weren't run by the govn't)
Medicare Tax (health insurance really)
And the ever so fun DEATH TAX.

All told, this can end up being over 50% of your income.

Christopher Ruddy recently wrote a couple of interesting articles concerning this. Go check out http://newsmax.com/ruddy/ and look at his Mar 20 and Mar 22 articles. Really interesting to know that we pay more taxes as a percentage of our incomes than medieval serfs in Europe did. >>



You forgot capital gains tax.
 
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