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If Obama is your idea of a Republican, I don't want your idea of a Democrat in office...ever.
by rick888 15y ago
If Obama is your idea of a Republican, I don't want your idea of a Democrat in office...ever.
- Confusion 15y agoThe horror... you might just end up like Germany or France.
- rick888 15y ago70%+ taxes, no thanks. I thought this was HN, not reddit...
- ChrisLTD 15y agoAccording to Wikipedia, the German and French personal tax rates are in the area of 50%: http://en.wikipedia.org/wiki/Tax_rates_around_the_world http://en.wikipedia.org/wiki/Tax_rates_around_the_world
- rick888 15y agoThis doesn't include VAT and increased taxes in other areas, so personal income tax might be 50%, but you are actually paying a much higher rate.
- Confusion 15y agoYou're making numbers up and don't actually know what the aggregate taxes for an average consumer in France, Germany and the US are.
- rick888 15y ago..and you are basing an individuals total tax rate based on income tax alone, which doesn't account for the many other taxes that someone has to pay. I suppose if you made money, didn't live in a house, and didn't spend your money in any way, your tax rate would be 50% in France. This just isn't the case for the average consumer.