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U.S.A is #1 in the world in GDP
Australia is # 12
Scandinavian countries ( Norway, Finland and Sweden) are #22, #23, #33)
Actually, the EU is #1 in GDP and has been for a while now. You can't directly compare GDP between countries that have such enormous differences in population. What you can do is look at GDP per capita.
You wanted a list of countries with high taxes, large government, and healthy economies, here they are.
The U.S Corporate federal Tax Rate is 39%, State Corporate Tax rate 12% (depending of the state),
Australia has a Corporate Federal Tax rate at 28.5%
Finland has a Corporate Tax rate at 20%
Sweden has a Corporate tax rate at 22%
Norway has a Corporate tax rate at 27%
1. That's the statutory rate, not effective rate. The effective rate in the USA is 12-13%
2. You are picking the highest rate, but a rate that appears only between $100K and $335K.
3. You are also overlooking personal rates and since we aren't corporations that is silly. Look at tax revenue as a percent of GDP or average tax, but don't pick a non effective rate for just one type of entity.
4. If you look at tax revenue as a percent of GDP, only Mexico and Chile are taxed less. For example, Finland collects 45% of the GDP in taxes, but the USA collects 24%.
5. I don't feel they need to list the individual tax rates because statutory rates can only be compared so much and you can easily look up the tax tables for each country on your own. I promise you that almost every country, if not every country collects a higher percentage at a lower dollar amount than the US does.
Quote:
Originally Posted by Hellion1999
Democrats think Americans don't pay enough taxes and should be higher. Funny that the countries you admire have a lower corporate tax rate by far but if Republicans suggest cutting taxes to compete in the global market with those countries you admire then liberals are all against it!
I think you are confused. The top corporate rate was going to be cut to 28% and 25% for manufacturers, but the Republicans blocked the corporate tax cut bill.
Quote:
Originally Posted by Hellion1999
you mean the government trying to protect a life before an abortion and mandating a 72 wait period before ending a life? yeah that is extreme! How dare Republicans try to cut down on the 1 million plus of abortions a year in the U.S. ...........Like Bill Clinton said: "Abortion should be LEGAL and RARE!" but since he said it, its O.K. for liberals.....lol
Mandating a waiting period is intrusive government that does nothing. Canada has no, and I mean none, restrictions on abortion and they have a lower abortion rate than we do.
U.S.A is #1 in the world in GDP
Australia is # 12
Scandinavian countries ( Norway, Finland and Sweden) are #22, #23, #33)
The U.S Corporate federal Tax Rate is 39%, State Corporate Tax rate 12% (depending of the state),
Australia has a Corporate Federal Tax rate at 28.5%
Finland has a Corporate Tax rate at 20%
Sweden has a Corporate tax rate at 22%
Norway has a Corporate tax rate at 27%
Democrats think Americans don't pay enough taxes and should be higher. Funny that the countries you admire have a lower corporate tax rate by far but if Republicans suggest cutting taxes to compete in the global market with those countries you admire then liberals are all against it!
Oh jeez.
First, learn how to read. I said spending as a % of GDP (on government), not total GDP That kills your whole strawman argument. "Size" of government = spending as % of GDP
Second, are you naive enough to think corporations actually pay the statutory rate?
The average effective tax rate was 12.6%. About 1 in 4 large corporations pay NO Federal Income Tax
The definition of insanity is said to be the act of trying the same thing over and over, and expecting different results.
Seeing as everyone in Washington does the same bull crap over and over again, and seem to think its going to come out smelling better the second time, is insane. That goes for both parties.
^^^^^THIS^^^^^ and anyone who is ignorant enough to post how "the other party are the insane ones" is insane. It's delusional to call out the other party when you're own party (R & D) is so corrupted.
Quote:
Originally Posted by lycos679
I think you are confused. The top corporate rate was going to be cut to 28% and 25% for manufacturers, but the Republicans blocked the corporate tax cut bill.
Saying the Republicans are for fair taxation and smaller government is like saying the DNC cares about civil rights and government oversight, as they defend a Nixonian administration.
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,852 posts, read 10,462,476 times
Reputation: 6670
Quote:
Originally Posted by steven_h
Saying the Republicans are for fair taxation and smaller government is like saying the DNC cares about civil rights and government oversight, as they defend a Nixonian administration.
OK, so a pox on both their houses. Then what's the "solution", besides not voting at all (while still complaining), or else voting 'your conscience' for some marginal "3rd party candidate"…and in the process just end up throwing your vote to one side anyway (and usually the worse of the two 'evils')?
OK, so a pox on both their houses. Then what's the "solution", besides not voting at all (while still complaining), or else voting 'your conscience' for some marginal "3rd party candidate"…and in the process just end up throwing your vote to one side anyway (and usually the worse of the two 'evils')?
No one has figured that one out yet... if there is a solution, we've none of us found it.
First, learn how to read. I said spending as a % of GDP (on government), not total GDP That kills your whole strawman argument. "Size" of government = spending as % of GDP
Second, are you naive enough to think corporations actually pay the statutory rate?
The average effective tax rate was 12.6%. About 1 in 4 large corporations pay NO Federal Income Tax
The United States’ worldwide system of corporate taxation requires multinational corporations to pay taxes twice, first to the foreign country in which they do business and then to the IRS after they repatriate their profits.
Multinational corporations reported paying $128 billion in corporate taxes to foreign countries on $470 billion of taxable income in 2010, according to most recent IRS data.
Over the past eighteen years, foreign corporate taxable income has grown by about 250 percent and foreign corporate taxes paid by 265 percent, while the effective tax rate has remained around 26 percent.
The effective tax rate on foreign income was 27.2 percent in 2010, prior to paying additional taxes to the United States.
More than 60 percent of all reported foreign taxable income was earned in Europe and Asia in 2010.
The effective tax rate faced by U.S. multinationals abroad varies substantially by region and country and is higher than 60 percent in some nations.
While some corporations pay low effective rates in some countries on foreign income, U.S. multinationals faced effective rates over 20 percent on most income earned overseas, prior to paying taxes to the United States.
60 percent of income earned abroad was by manufacturers. Most was income from petroleum and coal manufacturers, who paid an average effective tax rate of 36 percent.
Actually, the EU is #1 in GDP and has been for a while now. You can't directly compare GDP between countries that have such enormous differences in population. What you can do is look at GDP per capita.
You wanted a list of countries with high taxes, large government, and healthy economies, here they are.
1. That's the statutory rate, not effective rate. The effective rate in the USA is 12-13%
2. You are picking the highest rate, but a rate that appears only between $100K and $335K.
3. You are also overlooking personal rates and since we aren't corporations that is silly. Look at tax revenue as a percent of GDP or average tax, but don't pick a non effective rate for just one type of entity.
4. If you look at tax revenue as a percent of GDP, only Mexico and Chile are taxed less. For example, Finland collects 45% of the GDP in taxes, but the USA collects 24%.
5. I don't feel they need to list the individual tax rates because statutory rates can only be compared so much and you can easily look up the tax tables for each country on your own. I promise you that almost every country, if not every country collects a higher percentage at a lower dollar amount than the US does.
I think you are confused. The top corporate rate was going to be cut to 28% and 25% for manufacturers, but the Republicans blocked the corporate tax cut bill.
Mandating a waiting period is intrusive government that does nothing. Canada has no, and I mean none, restrictions on abortion and they have a lower abortion rate than we do.
Under the federal income tax, the statutory corporate tax rate ranges from 15 percent on the first $50,000 of taxable income to 35 percent on income over $18.3 million, with higher rates (up to 39 percent) in some income ranges that phase out the benefits of the lower rates . Most corporate income is taxed at the 35 percent rate. What are statutory and effective corporate tax rates?
In Canada unlike hospitals, private clinics, which are also publicly funded, are not stipulated by Canada law to report the number of abortions they perform. A lot of abortions in Canada are done in private clinics fully funded by the government so the stats you are claiming are not accurate to even compare.
If you think Canada has a superior system where everything is free including abortions why only 35 million people live there compare to the 320 million in the U.S.A not counting the 20 million illegals? The state of California alone have more people than the whole country of Canada. Look how people vote with their feet in which system is better when comparing the U.S.A to Canada.
here is a table of income tax per country from Corporate Income tax, Individual income tax , Payroll tax and sales tax and the U.S.A have high taxes and the liberal democrats think is not enough!
Under the federal income tax, the statutory corporate tax rate ranges from 15 percent on the first $50,000 of taxable income to 35 percent on income over $18.3 million, with higher rates (up to 39 percent) in some income ranges that phase out the benefits of the lower rates . Most corporate income is taxed at the 35 percent rate. What are statutory and effective corporate tax rates?
Most corporate income isn't taxed at 35%. The 35% rate is the statutory rate, not the effective rate. The effective rate is between 12% and 13%. Without a doubt we do have the highest statutory rate, but the tax code is rife with exclusions, deductions, and credits that bring the effective rate down.
Quote:
Originally Posted by Hellion1999
In Canada unlike hospitals, private clinics, which are also publicly funded, are not stipulated by Canada law to report the number of abortions they perform. A lot of abortions in Canada are done in private clinics fully funded by the government so the stats you are claiming are not accurate to even compare.
If you think Canada has a superior system where everything is free including abortions why only 35 million people live there compare to the 320 million in the U.S.A not counting the 20 million illegals? The state of California alone have more people than the whole country of Canada. Look how people vote with their feet in which system is better when comparing the U.S.A to Canada.
That's not what I said, but if people are in fact voting with their feet they are choosing Canada. Canada lets in 0.07% new immigrants and the USA lets in 0.032%. However, I don't think immigration rates or population are meaningful indicators. For one, Canada has an easier immigration system so of course they will let in more people, but also, Canada doesn't have nearly as much useful land so I don't know that they could ever support 320+ million. If we were to use population then China and India are better places to live than the USA, Ethiopia is better than France, Russia is better than Germany, France, and Japan, etc.
Quote:
Originally Posted by Hellion1999
here is a table of income tax per country from Corporate Income tax, Individual income tax , Payroll tax and sales tax and the U.S.A have high taxes and the liberal democrats think is not enough!
Did you not understand why I gave you a link to tax receipts by GDP? The statutory rates can only be compared so much and without an in depth knowledge of the individual tax code you are working with you won't know what you are actually supposed to pay. Additionally, you won't even know how much the average tax burden is or how much the country collects. Just look at the USA, we have a statutory rate of 25% for a family making $100K, but the average tax paid by a household making $100K is 8%.
Like I said though, look up the individual tax tables and you will see a higher tax rate assessed on a lower income. Luxembourg for example has a 38% tax rate on €39,885, which is the equivalent of $53.4K. You have to make $400K in the USA before you will be taxed that much. There are only 2 exceptions to this and that is Canada and Australia for lower income earners. A lower income earner is going to pay less in Canada and Australia, both in real numbers and in terms of what you get. However, someone making $200K is going to pay nearly the highest tax in the world.
USA: 24%
Australia: 26.5%* 2011 rate, social retirement is 9%, but is put into a private account and likely not counted as tax revenue.
Austria: 43%
Belgium: 45.3%
Canada: 30.7%
Sweden: 44.3%
Denmark: 48%
Norway: 42.2%
Netherlands: 38.6%
Luxembourg: 37.8%
Finland: 44%
Germany: 37.6%
UK: 35.2%
Mexico: 19.7%
Chile: 20.8%
The point is that the GOP has methodically excised reasonable thought from the party. The whole point of labeling conservatives as "RINOs" is to pave the way for a party of reactionary, avaricious extremist perspective.
Bull. That is just the liberal press's response to talk radio.
Nope. It's the actuality, even if you cannot bring yourself to admit it. I know. I was there. I lived through it.
Quote:
Originally Posted by prosopis
There are plenty of reasonable thinkers in the GOP. But you wouldn't know that because you never go looking for them. The narrative of "they're all whackos" is much more comforting to you.
On the contrary, I would prefer there be two political parties that embrace (different takes on) compassionate regard for those less vulnerable in society, rather than one party that does and the other party that is looking for ways to double economic injustice for the second time in as many generations.
Quote:
Originally Posted by prosopis
It is intended to do neither.
If you actually read what I wrote you'd know that I was communicating how your intention failed. But go ahead spinning round and round trying to rationalize indefensible callous disregard for the less fortunate. Like I said, that's what the GOP is all about these days, so why should one of its supporters conduct himself in any other way.
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