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roamer65

(37,852 posts)

7. They have one of the most regressive taxes around...the VAT.

Reply to pampango (Original post)

Tue Jun 17, 2014, 05:47 PM

Jun 2014

In the USA, I would like to see a moderate cut for lower and middle class taxpayers, coupled by a large increase in the income tax on the wealthy. Also removal of the FICA cap at $110k.

Stay away from a VAT.

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Eurostat report: The EU continues to have the highest taxed countries in the world. [View all] pampango Jun 2014 OP

With equally high standards of living. onehandle Jun 2014 #1

+1 octoberlib Jun 2014 #2

interesting hfojvt Jun 2014 #3

"Income taxes make the largest single contribution to national tax revenues ..., representing 51%... pampango Jun 2014 #4

The combined effect of taxes and transfers is more progressive than the USA muriel_volestrangler Jun 2014 #5

Good for them. They don't suck so bad as the U.S.A. does. hunter Jun 2014 #6

They have one of the most regressive taxes around...the VAT. roamer65 Jun 2014 #7

It is regressive (as is our FICA) but it is a small part (15-20%) of a progressive revenue pampango Jun 2014 #8