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X ` Man[_3_] X ` Man[_3_] is offline
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First recorded activity by BoatBanter: Oct 2011
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Default About tax rates and Universal Health care

On 4/14/12 7:47 PM, wrote:
On Fri, 13 Apr 2012 15:18:03 -0400, wrote:

Interesting that some of the countries that have universal health care
for all have a lower tax rate than the U.S.

http://images.turbotax.intuit.com/iq...lib/fun/world-
taxes/turbotaxworld.html


You are ignoring the 15-17% VAT tax they pay on everything they buy
(sometimes cascaded throughout every step of production), a $5 a
gallon gas tax and other taxes.

It should also be noted the vast majority of Americans pay nothing
near that 35% top rate
A couple, no kids, no mortgage, making $100,000 a year, taking the
standard deduction and 2 exemptions with $800 MWP credit pays about
12% of their gross in income taxes

(get a 1040 and try it)


And, of course, don't get access to universal health care, a decent
retirement, a college education for their kids, lifetime job retraining.
modern public transportation systems, et cetera.