Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
A payroll tax with no cap on taxable income but a maximum payment like in Europe is not regressive. This is something the vast majority of Americans want according to polls.
Its wrong to just lump all taxes together and label them regressive or not regressive like Forbes and the Taxfoundation does. They are both advocating for abolishing social security and medicare though, so not really surprising. The poor and the middle class overwhelmingly benefit from a social safety net in Europe. Perhaps that is why the Tax Foundation want to see social security and medicare gone as well?
A payroll tax with no cap on taxable income but a maximum payment like in Europe is not regressive. This is something the vast majority of Americans want according to polls.
Won't work. Payroll taxes are only levied on earned income. Not all income is earned income.
Quote:
It's wrong to just lump all taxes together and label them regressive or not regressive like Forbes and the Taxfoundation does.
Not all taxes were lumped together and labeled regressive. Only payroll, consumption, and property taxes were labeled such.
I've never argued against that. The problem you have is that the poor and middle class in the U.S. absolutely will NOT take on the tax burdens their peers in European countries bear.
They dont have to, first because America is as rich as Switzerland and Norway, and secondly because the taxable income and wealth is more skewed towards the wealthy in America. A state like Minnesota has a more progressive tax system than Mississippi and offer more support for the disabled or people who are too sick to work than Mississippi. And yes, Minnesota is doing just fine.
They dont have to, because the taxable income and wealth is more skewed towards the wealthy in America.
They will have to because taxing too narrow of a base won't provide the revenue needed to fund European-style social programs. If they could, Europeans would be doing so.
They will have to because taxing too narrow of a base won't provide the revenue needed to fund European-style social programs. If they could, Europeans would be doing so.
No, because that narrow base provide much larger revenues in America than in Europe, because so much more of the national income and wealth in America is concentrated there compared to Europe.
Some on the left want this to become more of a Latin American country and more of a northwestern European country at the same time. That's one tall order.
Look carefully at the Tax Progressivity charts in that article. Unlike here in the U.S. where higher income earners bear the greatest tax burden, lower- and middle-income earners bear the greatest tax burdens in European countries. Their tax revenues are predominantly dependent on REGRESSIVE taxes.
They don't want to pay for what they get, like the Europeans do.
You post as if Americans are being given the choice to receive all the benefits of European's receive, but are saying no to more taxes. Who is offering this choice?
Those countries also have higher minimum wages, it's simple common sense that a person with more income coming in can afford to pay more in taxes. Also, after tax income goes much farther when you have universal healthcare, subsidized childcare, paid time off, and various other benefits.
I've read a lot from people who support the US adopting universal healthcare, they understand, and accept that taxes will increase for everyone to support this.
Not Eastern Europe, but the socialist countries like Norway, Sweden, Denmark, the Netherlands, Etc. I feel like they are trying to turn us into Europe by taking away freedoms and pushing their liberal/socialist views on us.
What freedoms have you lost, you seem to be free to do pretty much as you please? Most of those Nations are doing better than the US is these days, or did you miss that fact during your indoctrination.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
