Quote:
Originally Posted by Villages Kahuna
With the prospect of some tax increases to pay for healthcare reform on the horizon, it made me wonder, how much do we pay in income taxes compared with other developed countries in the world?
I stumbled on the following analysis published by the Tax Policy Center of the Brookings Institution, which I found informative...
http://www.taxpolicycenter.org/Uploa...t_05-08-06.pdf |
Having lived in other countries, there's a reason the world (including those from other G8 nations) wants to live here.
Perhaps, having a slightly lower tax rate here has provided Americans with a much better standard of living than anywhere else. That happens when the people have more discretionary income, as opposed to the peole working solely for the government which decides what's done with everyone's money.
When one compares home ownership, variety of environments, recreation opportunities and a whole host of other intangibles that make the USA the first choice for all immigrants, socialism under the guise of being a democracy is pale in comparison.
The more we raise taxes, especially during a time when our number of taxpayers is depleting, the more reduced becomes out standard of living.
There is no free lunch.