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Post by mndapa1 on Jul 19, 2009 9:21:19 GMT -6
If the new health care taxes go into effect:
As calculated by the Tax Foundation, when factoring in the expiration of the 2001 and 2003 tax cuts, average state and local income taxes, Medicare taxes, and the new surtax, the average top marginal income tax rate in the U.S. would be 52 percent!
The top rate in the U.S. would then be higher than countries like France, Canada, Italy, Spain and Germany. Only 3 countries in the 30-member OECD, an association of the most economically developed countries in the world, would have a higher rate. Taxpayers in the 6 highest taxed U.S. states (including Minnesota, as we are number 3) would pay higher rates than every country in the OECD except Denmark.
Taxpayers in every state, even the 9 that do not levy a state income tax, would face a higher top marginal rate than taxpayers in 21 out of the 30 OECD countries.
Socialism...isnt it grand?
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Post by colonelbuckrobely on Jul 19, 2009 13:57:41 GMT -6
This thread has sure had a lot of interest today judging by the hits. You must have struck a nerve.
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Post by jesusfreak on Jul 19, 2009 16:52:55 GMT -6
Don't forget the extra taxes...gas tax, sales tax, etc... 52% isnt the half of it.
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hasset
Master Member
Posts: 633
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Post by hasset on Jul 26, 2009 7:58:41 GMT -6
Not only are the taxes going to kill us, the cost of items we normally buy will be much higher. I know I can not afford one of those stupid green cars. I think I will be driving my Ford van for the rest of my life, that is if I am allowed to. I suppose I will not be able to get repairs done on it in the future or maybe B.O. will tax the parts so high that I will not be able to pay for repairs. I think it is going to be very hard to accurately tell in advance how much B.O.'s healthcare would cost because there are so many places to put taxes that would cause products and services need higher costs to survive.
To cover it all, I will say that if you are not poor now, you will be.
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