Tuesday 3 October 2017
Las Vegas - Lange's thought for the day
Government Tax Take as a percent of GDP, just to mention OECD countries: All of Scandinavia, Switzerland, Austria, Netherlands, Belgium, France Germany; Spain, Portugal and Greece. I could add in Cyprus, Slovenia, Swaziland, Canada, Australia, Botswana, Malta, etc. All of these countries take far more than we do in federal, state and local taxes.
Taxes per capita in the United States totalled $13,482, ranking 16th out of 29 countries for which data were available for 2013. The five with the highest per-capita amounts were Luxembourg, Norway, Denmark, Sweden and Switzerland, with amounts ranging from $23,000 to $48,000.
We do have a top corporate of 35%, which the Republicans are about to sensibly reduce to 20%, but the devil will be in the detail. (How many of the deductions, which make Americas effective corporate tax rate about 19%, will go?)
They will also, in a sop to their betters, give the wealthy a mighty tax break, funded by borrowing from the Chinese. Still, that’s understandable, since almost all of Congress are wealthy and DJT has said: look out for your own self.
Could we please have a moratorium on
all of those tweeting or posting that “if the crowd at Las Vegas had been
armed, there would have been fewer killed.”
I’d also like a moratorium on posts that say “guns are for protection”
and other silly memes. Our right to
bear arms has to do with the desire to talk a big game and look cool. Full stop.
Nothing particularly wrong with that, as
long as you know that is what it is. I get
pretty disgusted with people who pretend that it is something else.
Only in America does the right to bear arms have special provisions to
make sure that nut cases can get guns. This includes the right to assault rifles with 30 round magazine, for the guys and girls who couldn’t hit a barn from the inside with only 5 shots, and the right to Teflon rounds that can kill our police officers.
US is NOT the most taxed country in the world.
You started this chain by
saying the US has the highest tax in the world. It doesn’t, not by a long
shot. Many more people live with higher tax burdens than we do. Nor are the rates of tax historically
high in America. America’s had far higher taxes in its years of maximum
prosperity (50s-70s).
All of this whining about taxes has
to do with the idle rich wanting to amass a larger shares of the national
wealth. I can guarantee you that there will be a bust following the
Trump boom, due to his borrowing money to fund his deficits.
Let’s hope it is not as large as the last one that Bush Jr saddled us
with.
Government Tax Take as a percent of GDP, just to mention OECD countries: All of Scandinavia, Switzerland, Austria, Netherlands, Belgium, France Germany; Spain, Portugal and Greece. I could add in Cyprus, Slovenia, Swaziland, Canada, Australia, Botswana, Malta, etc. All of these countries take far more than we do in federal, state and local taxes.
Taxes per capita in the United States totalled $13,482, ranking 16th out of 29 countries for which data were available for 2013. The five with the highest per-capita amounts were Luxembourg, Norway, Denmark, Sweden and Switzerland, with amounts ranging from $23,000 to $48,000.
We do have a top corporate of 35%, which the Republicans are about to sensibly reduce to 20%, but the devil will be in the detail. (How many of the deductions, which make Americas effective corporate tax rate about 19%, will go?)
They will also, in a sop to their betters, give the wealthy a mighty tax break, funded by borrowing from the Chinese. Still, that’s understandable, since almost all of Congress are wealthy and DJT has said: look out for your own self.
Tax rates as percent of GDP
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54.8
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54.2
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|
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50.8
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50.5
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47.9
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47.9
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|
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44.8
|
|
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44.5
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43.5
|
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43.4
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|
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42.9
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41.2
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|
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40.4
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39.8
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39.8
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|
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39.8
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|
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39.3
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39.2
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39.1
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|
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39.0
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37.3
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37.2
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37.0
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|
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36.8
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36.7
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|
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36.5
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36.3
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35.9
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35.7
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35.2
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35.2
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35.0
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34.8
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34.5
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34.4
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34.4
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34.3
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34.1
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33.8
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33.8
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33.8
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33.6
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33.4
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# posted by Had It in Holland Park @ 00:54 
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