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pampango

(24,692 posts)

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

Reply to roamer65 (Reply #7)

Tue Jun 17, 2014, 06:40 PM

Jun 2014

system. The net effect of their high taxes and effective safety net is an equitable distribution of income.

Could parts of the total picture be better? Sure. The article even indicates that the EU is pushing countries push more of the tax burden to environmental, property and asset taxation away from the 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