No reason anymore to vote Democrat
The current 'average' tax load for middle class americans, including
pass along taxes from corporate products purchased, real estate,
school taxes, personal property taxes, inheritance taxes, AMT, general
sales and excise, local & state income, etc. taxes is in the
'neighborhood' of 45% of one's personal income.
Total current 'healthcare' portion of the GDP is running 16-18%.
With the apparent marxist shift in american 'government' ... will
increase income taxes by approx. additional 10% in income taxes
(already scheduled as the "Bush Tax cuts" are scheduled to soon
expire). So adding 18% (healthcare) + 10% to the apparent total of
45% already spent, american wil be paying (in total and includes 'pass-
along' taxes) of 45% +18%+10% = whopping 73% total tax rate based
one's total income and expenditures !!!!!!!!!!!
73% !!!!!!!!!!!!!!!!!!!
France has the highest EU direct taxes at 50% (but add another 25% for
VAT expenditures = 75%; Scandinavia at ~ 48% (+25% VAT) = 73%
total. With comrade Obama in control, the USA personal tax load will
be higher than in Scandinavia.
I just wonder what will happen to the total USA economy when the
capital gain and dividend taxes nearly double .... and that will cause
approx. 20-30% of the total investment in the USA economy by foreign
entities ... to be simply removed and reallocated to 'greener
pastures' of the world economy. One of the chief reasons for the
success of the USA economy has been the attractiveness of 'foreign'
investment .... and this will totally dry up when the CapGain and Div.
tax rates explode ... thus 'killing' the business economy.
Karl Marx would be very happy that the 'proletariat' iwill soon be
firmly in control of the USA. Ultimately the USA will become an
economic 'backwater' and will equal the totally restrained and low
economic productivity of the EU. .......This stark reality is coming
soon to a country near you. You want change .... you'll soon get
your 'change' and that will be the only thing left in your wallet.
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