You know the time is right to take control, we gotta take offense against the status quo
Originally Posted by A. de Tocqueville
According to the OECD, we have the third lowest tax to GDP ratio.
List of countries by tax revenue as percentage of GDP - Wikipedia, the free encyclopedia
Even according to the Heritage Foundation (a conservative think tank), our tax to GDP ratio is much lower than most of our developed world counterparts at 26.9% (including state and local taxes). Compared to the UK (39%), Canada (32.2%), Germany (40.6%), and France (46.1%) we have a very low tax burden.
In terms of American history, our tax burden right now is incredibly low. This belief that American taxes right now are somehow ridiculously high doesn't pan out when applied to facts.
I don't worry or even ponder over such things. The rich are rich for three reasons. They either inherited family money, or they worked their tails off to get that way and made some very good investments along the way. Or they invested in a lottery ticket where they came out mega winners. When they get hit with exhorbitent taxes, rest assured, they find all sorts of loopholes to make the pain easier. They are well versed in manuevering the tax system to aid them in their endeavors to remain wealthy. They have the best tax attorneys at their beck and call. So what's to worry about?
If I don't like the upkeep cost of my lawn, I can do it myself, or get an apartment or a garden home. If I don't like the upkeep of my fish tank, I can sell it.
if I try to democratically push government to reduce some of the thigns I do NOT want to keep paying upkeep on, it's difficult, time consuming, not up to me, etc., etc.
THEN you'll get some liberal on this forum...for example, telling me I have no reason to examine whether or not I want to pay government upkeep in the FIRST PLACE!! Even though every other form of upkeep, I both examine and control (to a large degree!)
And furthermore, one has to ask, how much did you pay in taxes? Can you comprehend that paying enormous sums of earned money to provide upkeep for thigns you really don't need, or want, or feel are justified, is not a good thing?
And that if you busted ass for a long time, and you saw your taxes go up, and up and, up, the more you work the more you payed, and by the end you're paying more in taxes per year than you made in salary the first 5 years, you might start to understand why it's punishment. Then to hear the justifications for it, and see that 47% pay effectively no federal taxes, then the class warfare....
I do a lot of things that I feel I have to, doesn't mean I sugar coat it and deny it's punishment. I hate going to the doctor, it's punishment to me, but I still value it. Paying taxes is a burden, and it's by in large involuntary. You can argue about the rest, but not about that.
Last edited by Mach; 07-22-11 at 05:10 PM.
For individuals, they don't get out of it with loopholes either. Those with retirement incomes or who have large (enough) amounts of wealth, might invest it in the economy and get a return on that investment if it's left for over a year, and that's taxed at a lower rate. But that doesn't take rich tax attorneys, everyone with a 401K or IRA, etc., does this, and nearly all Americans participate in this themselves at retirement either way!
Last edited by Mach; 07-22-11 at 05:17 PM.