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Finland (local taxes are added to the below rates)
Earned income (euros) Rate within brackets
16,700–25,000...........................6.5%
25,000–40,800.........................17.5%
40,800–72,300.........................21.5%
Convert that highest tax rate from Euros to US$ (I've done that, in blue), and notice the flatter tax rates, and the lower income at which the highest tax rate applies in Finland. The US highest federal income tax rate (doesn't include state income tax) doesn't apply until an income of $418,400.
Would you agree to drop the highest tax bracket cut-off in the US to apply to incomes of $81,017.80 and above, as in Finland?
Convert that highest tax rate from Euros to US$ (I've done that, in blue), and notice the flatter tax rates, and the lower income at which the highest tax rate applies in Finland. The US highest federal income tax rate (doesn't include state income tax) doesn't apply until an income of $418,400.
Would you agree to drop the highest tax bracket cut-off in the US to apply to incomes of $81,017.80 and above, as in Finland?
Do you honestly think anyone believes you are arguing this point for any other reason than pushing an agenda?
If you replace the amounts individuals and companies pay into health insurance with a payroll tax, the total dollars out would be at WORST a wash, because the profit motive would be removed.
What's so amazingly dishonest about the anti-single payer advocates is they talk about tax increases and always ignore premiums going away.....why?
I'll answer: Because you are ideologically opposed to government funded health care. Not because it would cost more, but because it is against your ideology. So, you will grab whatever skewed data you can to try to arrive at you ideological goals.
If you start any discussion about single payer health care without factoring in the elimination of premiums, how can anyone take you seriously?
Do you honestly think anyone believes you are arguing this point for any other reason than pushing an agenda?
If you consider the truth to be an "agenda," you can think whatever you want. I'm merely posting peer-reviewed research and facts. A lot of people are unaware of the facts.
Do you honestly think anyone believes you are arguing this point for any other reason than pushing an agenda?
If you replace the amounts individuals and companies pay into health insurance with a payroll tax, the total dollars out would be at WORST a wash, because the profit motive would be removed.
What's so amazingly dishonest about the anti-single payer advocates is they talk about tax increases and always ignore premiums going away.....why?
I'll answer: Because you are ideologically opposed to government funded health care. Not because it would cost more, but because it is against your ideology. So, you will grab whatever skewed data you can to try to arrive at you ideological goals.
If you start any discussion about single payer health care without factoring in the elimination of premiums, how can anyone take you seriously?
Now go back to your pension memes.
So your argument is that his is invalid, because of why he makes his argument?
Yes but I think your post fails to take into account that the rich in other countries do pay MORE taxes on incomes above a certain guideline. I also believe the rich in other countries pay greater inheritance taxes and taxes on things like capital gains.
This, plus there's far less income disparity in those countries.
"The United States has by far the most progressive income, payroll, wealth and property taxes of any developed country."
No its not accounted for. The rich do pay higher taxes in those countries you mention. And their unions are very strong which ensures a more equal distribution of income. Like we had in the 1960s. When taxes on the rich were higher as well. Just because America has "progressive" taxation and a regressive economic system with high privatized user fees, doesnt make taxes on the rich high in America compared to other countries.
This, plus there's far less income disparity in those countries.
Income and wealth (including inheritance, etc.) taxes are accounted for in the research. Read it. The link is in the OP.
As far as greater income disparity as a result of progressive taxation, economists have learned what causes that, as well:
Quote:
[Economist Anatole] "Kaletsky argues that over-reliance on progressives taxes creates “a perverse incentive for governments to promote income inequality. If the solvency of the state and the ability to fund basic services for the poorest people in society depends on the rich getting even richer, it is tempting for even the most progressive politicians to support widening inequalities."
That's what's inherently wrong with a progressive tax system such as we have here in the US; it distorts and exacerbates inequality by necessity. The Europeans and Scandinavians have figured that out, and therefore rely most heavily on regressive taxes such as VAT and MUCH flatter income tax brackets.
No its not accounted for. The rich do pay higher taxes in those countries you mention.
You don't understand what regressive taxation is. It places a greater burden on those who earn less, as it eats significantly into disposable income. That's why a VAT tax, though flat, is considered to be regressive.
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