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About tax rates and Universal Health care
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iBoaterer[_2_]
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First recorded activity by BoatBanter: Sep 2011
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About tax rates and Universal Health care
In article ,
says...
On Fri, 13 Apr 2012 15:18:03 -0400, iBoaterer 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)
First, there are VAT taxes all over the U.S. also. Here in PA for
example, to renew your car tag, you pay "ad valorim" tax every year on
the value of your car. As for the article, the numbers given are clearly
stated as "median".
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