U.S. Is One of the Least Taxed Developed Countries

"Some members of Congress are threatening to allow the U.S. to default on its debt obligations— and send financial markets into a tailspin — unless the President agrees to large, sudden cuts in the budget deficit without any increase in tax revenue. But the most recent data from the Organization for Economic Cooperation and Development (OECD), the Office of Management and Budget and the Census Bureau reveal that the U.S. is already one of the least taxed countries in the developed world. Only two OECD countries have lower
taxes as a share of gross domestic product (GDP) than the United States."

http://www.ctj.org/pdf/oecd201106.pdf

No votes yet

...developed countries and you don't agree that free people in a free society should be free to keep the money that they earn, why don't you move to one of those utopian countries that take more of your money?

That way everyone is happy. You get to pay more taxes and we don't have to worry about supporting you with tax dollars taken from those who work for a living.

Don't blame me,
I didn't vote for a
socialist.

Eigth Freeist country in the world! http://www.stateofworldliberty.org/report/rankings.html

Sixth Freeist country in the world for economic freedom despite being #20 in Gov't and Taxes and #19 rank for individual freedom.

What's propping up the US for our freedom is our individual wealth. If we tax more we will take that away and thus our last true bastion of great freedom.

What we need to do is focus on getting government out of peoples lives and pocketbooks.

MikeyA

They rank such things? How juvenile...

"If we tax more we will take that away and thus our last true bastion of great freedom."

What's the "freedom line" on top marginal tax rates? 35%? 39%? 91%? I'm just trying to figure out at what point in our history we were free, and at which point we were shackled.

Pink Slip

You call it juvenile but the rest of it consider it a necessity.

I'll answer your question with a question pink. How much is enough?

We already know if you took ALL of the wealth from the top earners in the country you still would not be able to pay off the debt. So how much is enough for the gov't. The stimulus failed and bankrupted the country and what's your solution not just to tax more but to SPEND more. So how much is enough?

Going to get a loan to pay off a loan is something people who go to payday collectors do. Just because it's a gov't does it make it smart financial sense. There's no indication that spending any more money will even help yet you'd want to roll the dice on our children's future on a whim. This from a guy who believes that the biggest threat to our country is driving a SUV.

MikeyA

I don't need anyone to rank my freedom. If I were you, I'd worry more about the erosion of civil liberties in this country than taxes--if you were worried about freedom.

"So how much is enough for the gov't. "

Well, we balanced a budget in the nineties with a top marginal rate of 39%. So maybe we could start there?

"The stimulus failed"

Really? Before the stimulus the economy was shrinking. Now it's growing. Before the stimulus, we were losing hundreds of thousands of jobs per month. Now we're adding jobs. How did it fail exactly?

Pink Slip

So I'm guessing you're supportive of not touching the debt limit unless it's linked to the Balanced Budget Amendment then right?

Before the stimulus our unemployment rate was under 8%. Today we can't even get below 9% even with droves of people leaving the workforce frustrated that they cannot find work.

But you go right along believing that the stimulus worked. In fact, you should tout that in the coming election! If it's so good then it's sure to turn into votes.

MikeyA

The Balanced Budget Amendment is a dumb idea. Most of our job losses now are occurring in the public sector--due to the fact that states have to balance their budgets.

Obviously unemployment is way too high, and I think it's borderline criminal that Obama and the GOP are not focusing on jobs. Instead, they're wasting their time on long-term debt issues. Jobs should be priority one right now.

The private sector has added jobs for 16 straight months now since the stimulus was passed. The job losses are occurring in the public sector--because states are slashing spending.

Pink Slip

According to The Economist, "Since Feb of 2010, US economy has created 2.2m private sector jobs, lost 410k govt jobs."

http://twitter.com/#!/econeconomics

Public sector job losses. Almost every state has a law requiring them to balance budgets. So when a recession hits, as it does every few years in a business cycle, states are required to cut spending to make up for the loss of revenue. This means more jobs losses, and it makes recessions worse. I hope you can follow along, and see the fallacy of such a policy.

Pink Slip

The reality is, after the so-called "stimulus package", 48 of the 50 states lost a total of over 6 million jobs.

And after your lame-ass "stimulus package" sold those jobs to China, America STILL HAS NOT RETURNED THOSE 6,000,000 JOBS THAT OBAMA LOST.

Bottom line, it cost the American Taxpayers $3,270,000,000,000 just to break even on jobs. That's a cost of $545,000 per job the so-called "stimulus package" allegedly saved. NOT CREATED, just "saved".

Tired of carrying Obama's water you Dem lacky?

Don't blame me,
I didn't vote for a
socialist.

I'd say we're definitely shackled at 91%. Really, all of your suggested rates.

toledojim

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