Take a look at these and u can see where Obama,s CHANGE will and is takimg America.
Current European tax Rates
United Kingdom
Income Tax: 50%
VAT: 17.5% TOTAL: 67.5%
France
Income Tax: 40%
VAT: 19.6% TOTAL: 59.6%
Greece
Income Tax: 40%
VAT: 25% TOTAL: 65%
Spain
Income Tax: 45%
VAT: 16% TOTAL: 61%
Portugal
Income Tax: 42%
VAT: 20% TOTAL: 62%
Sweden
Income Tax: 55%
VAT: 25% TOTAL: 80%
Norway
Income Tax: 54.3%
VAT: 25% TOTAL: 79.3%
Netherlands
Income Tax: 52%
VAT: 19% TOTAL: 71%
Denmark
Income Tax: 58%
VAT: 25% TOTAL: 83%
Finland
Income Tax: 53%
VAT: 22% TOTAL: 75%
If you've started to wonder what the real costs of socialism are going to be - once the full program in these United States hits your wallet, take a look at the table. As you digest these mind-boggling figures, keep in mind that in spite of these astronomical tax rates, these countries are still not financing their social welfare programs exclusively from tax revenues! They are deeply mired in public debt of gargantuan proportions. Greece has reached the point where its debt is so huge it is in imminent danger of defaulting. That is the reason the European economic community has intervened to bail them out. If you're following the financial news, you know Spain and Portugal are right behind Greece .United Kingdom
Income Tax: 50%
VAT: 17.5% TOTAL: 67.5%
France
Income Tax: 40%
VAT: 19.6% TOTAL: 59.6%
Greece
Income Tax: 40%
VAT: 25% TOTAL: 65%
Spain
Income Tax: 45%
VAT: 16% TOTAL: 61%
Portugal
Income Tax: 42%
VAT: 20% TOTAL: 62%
Sweden
Income Tax: 55%
VAT: 25% TOTAL: 80%
Norway
Income Tax: 54.3%
VAT: 25% TOTAL: 79.3%
Netherlands
Income Tax: 52%
VAT: 19% TOTAL: 71%
Denmark
Income Tax: 58%
VAT: 25% TOTAL: 83%
Finland
Income Tax: 53%
VAT: 22% TOTAL: 75%
The United States is now heading right down the same path. The VAT tax in the table is the national sales tax that Europeans pay. Stay tuned because that is exactly what you can expect to see the administration proposing after the fall elections. The initial percentage in the United States isn't going to be anywhere near the outrageous numbers you now see in Europe . Guess what. the current outrageous numbers in Europe didn't start out as outrageous either. They started out as minuscule - right around the 1% or 2% where they will start out in the United States . Magically, however, they ran up over the years to where they are now. Expect the same thing here.
It is the very notion that with hard work and perseverance, anybody can get ahead economically here in the USA . Do you think that can ever happen with tax rates between 60% and 80%? Think again. With the government taking that percentage of your money, your life will be exactly like life in Europe ... You will never be able to buy a home. You will never buy a car. You will never send your children to college. Let's not shuffle the battle cry of the socialists under the rug either. It's always the same cry. Equalize income. Spread the wealth to the poor (whoever they are). Level the economic playing field. Accomplish that and everything will be rosy.
It's time to take a really hard look at reality. Greece is a perfect example. Despite the socialism system that has ruled this country for decades, with a 65% tax rate, they are drowning in public debt, would have defaulted without hundreds of billions in bailout money from the EU, and still. . . 20% of their population lives in poverty. What has all that socialism money bought, besides ultimate power for the politicians running the show? Do you think these people are "free"? They're not. They are slaves to their economic "system."
Instead of spreading the wealth around, spread this info around. It might wake up some people.
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9 comments:
Good gracious, this is misleading. Adding VAT as though it were income tax is just dishonest. It's like saying, "in the UK, the income tax is 50%, the VAT is 17.5%, the inheritance tax is 40% and capital gains tax is 18%. Therefore, in the UK, the tax rate is 125%!!!
Idiots.
They are deeply mired in public debt of gargantuan proportions. Greece has reached the point where its debt is so huge it is in imminent danger of defaulting.
Greece is in trouble because the same people who blew up Wall Street told them to cook their books so they could get accepted into the Euro Zone, basically planting a time bomb which eventually went off and destroyed the Greek economy.
Also interesting: Neither Germany or Canada are included on this list, two countries that manage both high levels of taxation and high levels of economic stability, mostly because they didn't let banksters run wild for the last decade.
And despite all these supposedly high tax rates, people in Europe live longer, happier, healthier lives than those in the US (probably thanks at least in part to universal health care that these taxes pay for!).
Good comments.
I'd add that the income tax rates listed are the maximum rates; most of these nations employ a progressive tax code so that poorer people aren't taxed unfairly.
The plutocrats here in the US, of course, want a regressive tax code, where the entire tax burden falls on the lower classes.
Hence the constant obfuscation.
We all know the US system is more expensive and less effective than other medical systems. Because in the USA insurance companies are allowed to earn profits--a thing which is illegal in most other developed countries. Those profits cost us an additional 30% in medical costs.
I took a look at some percentages of my own. This year I spent 9% of my gross salary on medical expenses that were not covered by my sh*tty 5K deductible health insurance plan. My employer spent an equivalent of 11% of my salary on the premiums for said sh*tty insurance.
continued...So that is another 11% benefit that I might be earning as salary-or even paying as taxes, but I never see that money, my employer sends it directly to the insurance company on my behalf. An insurance company which somehow never manages to cover any of my expenses.
Or instead of comparing America to Europe (which it is not) you could look at the tax rates in Canada:
VAT – 5%
CIT – 15%
Jeff Immelt as published in the Sept 5 – 11, 2011 issue of Bloomberg Businessweek – to paraphrase:
"The UK, Germany and Japan had more enlightened tax systems than the US. “Without any dispute, I would take any of those tax policies vs. the U.S. today”
You will never be able to buy your own home
You will never buy a car
You will never send your children to college
Huh!!?? Europeans don't own homes, go to colleges/universities, and own cars? Is he f*&%^$@# kidding us? Which Europe is this gasbag referring to? Circa. 1886?
I suppose that if that and other arguments in his rant disguised as a missive don't stand up to reality, there's always that massive black font to give it an air of preachy authority.
It's back!!! I just got this one today (09 Sept. 2016.)
And it's been updated to include this line: "EUROPEAN TAX RATES--WHAT BERNIE AND HILLARY WANT FOR US", that was not in the original.
This may be very old, too. I've seen references to it going back to June of 2010. I think the source of this lie is Conservativewriters.org. Unfortunately it was not dated.
Consider the source.
A.J.
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