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Yes, people of all incomes pay more compared to the USA. But as you rightly point out, they get a lot in return.
I would for us to move in that direction, if we received those benefits.
He tries to dupe people into thinking places like that actually have lower taxes for people making $300 000 per year by claiming America has a progressive system. The reality is that a person making $300 000 a year pays about 55% in EFFECTIVE income tax in countries like Sweden which is what we should move towards as well.
Didnt Trump say that the increase in the stock market over the past 8 years was not the "real economy" and that unemployment was really 40%? Now the tune has shifted completely and its all about how great the stock market is and that unemployment is really 4%?
The increases in the stock market over Obama's 2 terms occurred via QE. That's NOT the real economy, though many millions of US workers/retirees will benefit. (See my post about the $27 trillion worth of investments in US workers'/retirees' pension/retirement accounts.)
The increases in the stock market over Obama's 2 terms occurred via QE. That's NOT the real economy, though many millions of US workers/retirees will benefit. (See my post about the $27 trillion worth of investments in US workers'/retirees' pension/retirement accounts.)
lol, gotcha. And of course, unemployment under Obama was 40% but now with Trump it is really 4%. You guys are just absurdly biased.
The VAT is part of the total tax burden, and it is regressive.
The VAT is included in the link you provided.
And countries like Mexico, Chile and Brazil rely even more heavily on consumption taxes like VAT and excise taxes than Western Europe. How is that working out for the poor in Latin America?
The rich still pays far more in VAT than the poor and middle class. A rich person buys a Ferrari and pays hundreds of thousands in VAT, while the middle class buys a car for $25000.
By far the most regressive system is private user fees, where the rich pays the same dollar amount into the system as the poor old widow to drive on the roads or for health care. Think private toll roads and privatized health insurance system.
The VAT is part of the total tax burden, and it is regressive.
The VAT is included in the link you provided.
Total tax burdens are still progressive. People making the most are also paying the most. It is "regressive" compared to the USA's system, but that is only an illustration of the fact that the USA has one of the most progressive tax systems in the world.
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