Thanks, Enfant; I'll skim those articles later. Whether an American is undertaxed or overtaxed depends a lot on their income bracket: I'm sure you can guess whose income gets what taxes. One of the worst things about Rmoney and especially Ryan is that their "plan" (such as it is) intends to move a great deal more of the tax burden off of the rich and on to already severely burdened middle-income and poor people.
There seems to be no comprehension on the part of the GOP of just how much monkey-wrenching non-wealthy Americans can accomplish if they are beset by literally life-threatening tax burdens. If Rmoney/Ryan are elected, they'll find out... but they will still refuse to believe it. To a true Republican, ideology alone is sufficient... realities are unnecessary.
Steve, correct. This concerns average, ex-"middle classes" and above. The same in Greece: wealthy shipowners, fraudsters (tax evaders) and other mafiosi pay zero-nothing
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Effective tax rates:
ReplyDeletehttp://www.economist.com/blogs/dailychart/2011/09/effective-tax-rates
America the Undertaxed, U.S. Fiscal Policy in Perspective:
http://www.foreignaffairs.com/articles/137838/andrea-louise-campbell/america-the-undertaxed
US Taxes Too High Compared To Other Countries?
http://blog.ctnews.com/kantrowitz/2011/04/18/us-taxes-too-high-compared-to-other-countries/
Thanks, Enfant; I'll skim those articles later. Whether an American is undertaxed or overtaxed depends a lot on their income bracket: I'm sure you can guess whose income gets what taxes. One of the worst things about Rmoney and especially Ryan is that their "plan" (such as it is) intends to move a great deal more of the tax burden off of the rich and on to already severely burdened middle-income and poor people.
ReplyDeleteThere seems to be no comprehension on the part of the GOP of just how much monkey-wrenching non-wealthy Americans can accomplish if they are beset by literally life-threatening tax burdens. If Rmoney/Ryan are elected, they'll find out... but they will still refuse to believe it. To a true Republican, ideology alone is sufficient... realities are unnecessary.
Steve,
ReplyDeletecorrect.
This concerns average, ex-"middle classes" and above.
The same in Greece: wealthy shipowners, fraudsters (tax evaders) and other mafiosi pay zero-nothing