Last Word On Tax Cuts, I Promise
To say that “we’re taxed plenty enough, good and hard” (per Trey) is an assertion, not an argument. Let’s try to see if the assertion proves out. A comparison of personal tax rates by country is notoriously difficult because of all the different tiers. Therefore I go to this comparison of personal taxes as a percentage of GNP, which is measurable. Then I go to this recent listing of the world’s most stable and prosperous countries. If the objective is to have a stable and prosperous country, and not a bankrupt one, then the assertion falls flat. (Senator Hutchison, take note.)
5 Comments to “Last Word On Tax Cuts, I Promise”
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And if you look at those same countries corporate tax rates, you would note that they are lower (i.e. they squeeze the people more, but the businesses less).
US corporate tax rates are very high by international standards. Dems want them even higher. People wonder why US businesses move offshore.
Of course, maybe Wick wants us to have the best of both worlds (high taxes on citizens and business entities).
Do I really need to cut-n-paste from my earlier post? Ooohhhh, why not?!
[Considering the fact that US citizens (and visitors) may pay taxes in up to approximately 17 different ways on the money they earn, save and spend from birth to death and based on a total population of 303,807,741- the conclusion would be that our Beloved Country wouldn’t have the following problem:
http://www.alkalizeforhealth.net/Ldebtclock.htm
As the median American household budget goes (extended credit debt vs. income to cover with very little to no savings) so goes the budget of the country as a whole.
We have no self discipline on the personal or nation level and deserve to reap what we’ve sown: bankruptcy and foreclosure.]
Doesn’t sound much like a “free people” does it?
Wick, what has gotten into you? I completely agree that the GOP has failed to adhere to sound economic principals when it comes to spending. The idea that higher taxes are a good idea is nutty - particularly in a down economy. The GOP had a chance to make real change after the 2004 election, but it was more interested in preserving its power than in fighting for principal. Until we find a way to end entitlement spending we will face a very bleak future with the awful choice of both high taxes and high spending or the complete collapse of our country’s economic system. (something that will make the great depression look like a sunny day) None of our political leaders will touch these issues. Bush tried with social security, but he didn’t really force the issue with congress like he should have. At least McCain seems willing to try to stop the spending machine.
Ed… what the heck are you smoking? The only countries with lower corp. rates than us as percentage of GDP are Iceland and Germany!
You have to use the same numbers in the same argument.
Not looking at GDP. Just looking at the tax rate.
http://www.taxfoundation.org/p.....22917.html
http://finance.yahoo.com/exper.....vest/69452
Corporate tax rates in the US are the second highest in the developed world.