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![]() 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. |
#2
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posted to rec.boats.cruising
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, RichH wrote: Total current 'healthcare' portion of the GDP is running 16-18%. Which will cover the entire populations' UHC program, after removing all the middle men making outrageous inflated profits from current costs. UHC is a NO-COST option. We are already paying the equivalent of UHC and NOT getting it for all our people. snip erroneous tax conclusion snip more doom and gloom) With UHC, *preventative* medicine will help reduce the JIT methods used today, and reduce the necessity of life-saving procedures. My 2c (even tho this is the wrong place for this subject) -- Molesworth |
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Yet another reason to vote Republican | ASA | |||
Anyways it's over, I don't want to talk about it anymore. | General |