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American taxes are far from typical: The poor and middle classes pay far less than in Europe, for example. Whilst the rich pay more. Note the lack of high regr
by alexeisadeski3 12y ago
American taxes are far from typical: The poor and middle classes pay far less than in Europe, for example. Whilst the rich pay more.
Note the lack of high regressive taxes such as VAT, excise, and import taxes in the US.
- tormeh 12y agoI meant in sum. You have a point, but those aren't really regressive taxes so much as flat taxes.
- alexeisadeski3 12y agoThe poor spend a larger share of their income on items covered by VATs and excise and import duties than do rich people. Conversely, rich people save and invest a larger portion of their income. Point being that Europeans, who "see more from the taxes they pay," are really just paying themselves.
- tormeh 12y agoDon't most states have VAT? And are there really no import duties in the US? Why would the US need free trade deals then? Well, I'm pretty sure that there's more redistribution in northern Europe than in the US. Sure, there's a lot of "paying yourself" going on, but that's hardly everything. Anyway, my point is that in most industrialized countries the mechanisms by which you pay yourself are much more efficient than in the US.
- dragonwriter 12y ago> Don't most states have VAT? No, but many have sales taxes (which are not the same thing as a VAT, though they serve a similar purpose; VAT's are collected at each step in the supply chain, sales taxes only on sale to consumers.)
- alexeisadeski3 12y ago@Tormeh, yes most US states do, but they're small (zero to nine percent, typically). I said US import duties were low, not nonexistent.