Oh Fuck. that's a big mother fucker deficit!!!

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  • directfiesta
    Too lazy to set a custom title
    • Oct 2002
    • 30184
    #51
    Originally posted by Pleasurepays


    i would say that an area of less 8 sq kilometers with over 65 Billion Dollars in foreign deposits is doing quite well for itself.
    I think you should say:

    Banks are doing quite well for themself....

    You obviously have not been to Monaco, and if ever you do, you will stay on the " promenade " and at the Casino....
    I know that Asspimple is stoopid ... As he says, it is a FACT !

    But I can't figure out how he can breathe or type , at the same time ....

      Comment

      • Pleasurepays
        BANNED - SUPPORTING TUBES
        • Aug 2002
        • 11913
        #52
        Originally posted by xxxdesign-net


        Has the Bush administration doing a great job with the economy? Did they made mistakes? You dont know that! Ressessions, wars can explain some things... however.. if the deficit would be $600 billions instead of 400... would you have given the same reasons to explain the deficit and say that everything is fine...Bush is doing good?
        who said "Bush is doing good"?

          Comment

          • Pleasurepays
            BANNED - SUPPORTING TUBES
            • Aug 2002
            • 11913
            #53
            Originally posted by directfiesta


            I think you should say:

            Banks are doing quite well for themself....

            You obviously have not been to Monaco, and if ever you do, you will stay on the " promenade " and at the Casino....
            yeah. contrary to what people think... that banks invest the money, loan money to business and pump it into the community, creating jobs and economic development... the opposite is actually true. money just stays in banks. they hide it. usually they burn it. all money goes to Monaco so they can burn it in massive underground incinerators.

            i was going to move to Monaco this fall because i liked it there so much. i have been there quite a few times. the best feature of Monaco is....

            no people like you.

              Comment

              • Strife
                Confirmed User
                • Aug 2001
                • 4534
                #54
                just another reason I'm surprised that anyone would say Bush would be re-elected
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                  Comment

                  • ADL Colin
                    Too lazy to set a custom title
                    • Feb 2001
                    • 11929
                    #55
                    Originally posted by CraigA
                    Wow, this thread deteriorated quickly. Colin, not like you to get drawn into a mudslinging contest. But there must be some history here.
                    Craig, my brother. I DO like a good mudslinging contest every now and then.


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                      • directfiesta
                        Too lazy to set a custom title
                        • Oct 2002
                        • 30184
                        #56
                        So what percentage do you claim that Monaco's bank have reinvested in the LOCAl economy?

                        Does your belief also applies to Switzerland, Lichenstein, Bahamas, Belize and other fiscal paradise???
                        I know that Asspimple is stoopid ... As he says, it is a FACT !

                        But I can't figure out how he can breathe or type , at the same time ....

                          Comment

                          • Pleasurepays
                            BANNED - SUPPORTING TUBES
                            • Aug 2002
                            • 11913
                            #57
                            Originally posted by directfiesta
                            So what percentage do you claim that Monaco's bank have reinvested in the LOCAl economy?

                            Does your belief also applaies to Switzerland, Lichenstein, Bahamas, Belize and other fiscal paradise???
                            no. money gets pumped into those countries for no reason at all. the countries create laws, tax laws and banking regulations that are of absolutely no benefit to them whatsoever.

                            are you retarded? or just from Quebec?

                              Comment

                              • Snake Doctor
                                I'm Lenny2 Bitch
                                • Mar 2001
                                • 13449
                                #58
                                Originally posted by 12clicks


                                oh, how fucking sad.
                                Class warfare at its lowest.

                                "hey, the rich should pay a higher % of tax because they're rich"
                                how assinine. how indefensable.

                                for you liberal dummies out their replace "rich" with "black"
                                and don't give me the liberal whine about it being different. discriminating against a class of people is discrimination, no matter what.
                                Wealthy people in America pay lower taxes than their counterparts in every other industrialized country on earth. This was also true during the Clinton and Carter administrations.

                                And fuck you I'm not posting proof, you can look it up and see that I'm correct or simply choose not to believe me because Rush Limbaugh said so.

                                And wanting my parents to get back the money they paid into social security is not class warfare by any stretch of the imagination.
                                sig too big

                                  Comment

                                  • scooby doo as scooby does
                                    Confirmed User
                                    • Nov 2002
                                    • 314
                                    #59
                                    Originally posted by Pleasurepays


                                    i would say that an area of less 8 sq kilometers with over 65 Billion Dollars in foreign deposits is doing quite well for itself.
                                    Yeah, but that's not what we are talking about. The standard of living of Monaco nationals. Not the super rich looking for a place to stash their dolla to avoid taxes.

                                    Fuck, not that I know jack shit about Monaco, just going on SOL statistics.

                                    I gotta boat tho
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                                      • Sly_RJ
                                        Live Hard - Die Hard
                                        • Feb 2002
                                        • 17042
                                        #60
                                        Originally posted by Lenny2


                                        Wealthy people in America pay lower taxes than their counterparts in every other industrialized country on earth. This was also true during the Clinton and Carter administrations.

                                        And fuck you I'm not posting proof, you can look it up and see that I'm correct or simply choose not to believe me because Rush Limbaugh said so.
                                        This is probably true. However, how much of the "saved taxes" are due to charitable donations and other tax write-offs?
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                                          • ADL Colin
                                            Too lazy to set a custom title
                                            • Feb 2001
                                            • 11929
                                            #61
                                            Hi Lenny,

                                            I agree that there are irregularities in accounting both over the years in the US and between countries themselves. Is the 100%+ of GDP debt of Italy's different in kind than the 60%-ish figure in the US?

                                            What does a debt that is 60% of GDP mean? Is it important that it is 60% rather than 50% or 70%? Howabout 40% vs. 80%?
                                            Is that too high or just right? How can we know? Comparison to other industrial countries and to the past does give a guide but no answers.

                                            What I see is that the US debt is similar to that of other large/medium-sized industrial countries relative to the size of the economy in question. What I see is that same ratio is pretty much the same today as it was ten years ago for the US.

                                            Every EXTRA $100 billion in debt is about a 1% increase in the debt/gdp ratio. One must also consider that every $100billion spent is an increase in the GDP of 1%. If the US is going to be in a -2% GDP recession should it spend an extra $200 billion to reach the break-even point?

                                            Back in 1988 the US economy was less than half the size it is now, about $5 trillion instead of $10 trillion. It would have only cost $50 billion to erase a 1% GDP decline. Any country that uses deficit spending to limit the effects of economic slowdowns will find itself with larger and larger annual deficits during those years of recessions.

                                            Quick examples:

                                            A. The US finds itself on pace for a -2% GDP recession. It spends that 2% to bring it to break-even (Government spending positively effects GDP). This increases the deficit by 2% of $10 trillion which is $200 billion.

                                            B. France, the world's 5th largest economy finds itself on pace for a -2% recession. It spends that money to break even which costs
                                            2% of $1.3 trillion which is only $26 billion.

                                            A country with an economy 8 x larger than another has to deficit spend 8x as much money to increase the same GDP percentage.

                                            When the US economy is $20 trillion/year, it will run deficits of $800 billion in slow years.


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                                              • 12clicks
                                                Too lazy to set a custom title
                                                • Jan 2001
                                                • 19814
                                                #62
                                                Originally posted by Lenny2


                                                Wealthy people in America pay lower taxes than their counterparts in every other industrialized country on earth. This was also true during the Clinton and Carter administrations.
                                                and so do the less wealthy. is your point that we aren't all giving the government enough?
                                                you must be one of the ones on the public dole.

                                                Originally posted by Lenny2
                                                And fuck you I'm not posting proof, you can look it up and see that I'm correct or simply choose not to believe me because Rush Limbaugh said so.
                                                you certainly have a fixation with Rush and your lack of proof.

                                                Originally posted by Lenny2
                                                And wanting my parents to get back the money they paid into social security is not class warfare by any stretch of the imagination.
                                                poor deluted child.
                                                If your parents live to their life expectancy, they'll get more than they put it.
                                                I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

                                                  Comment

                                                  • Snake Doctor
                                                    I'm Lenny2 Bitch
                                                    • Mar 2001
                                                    • 13449
                                                    #63
                                                    Originally posted by Sly_RJ

                                                    This is probably true. However, how much of the "saved taxes" are due to charitable donations and other tax write-offs?
                                                    I really don't know, I can't imagine its much though.

                                                    I think other countries have similar provisions for charitable donations and such. Maybe someone from the UK can tell us?
                                                    sig too big

                                                      Comment

                                                      • ADL Colin
                                                        Too lazy to set a custom title
                                                        • Feb 2001
                                                        • 11929
                                                        #64
                                                        Everyone should make the same contribution regardless of income. I'm not just talking about a flat tax. I say we go all the way.

                                                        Everyone send the government a $10,000 check and we'll just call that the fairest system possible.


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                                                          • directfiesta
                                                            Too lazy to set a custom title
                                                            • Oct 2002
                                                            • 30184
                                                            #65
                                                            quote:
                                                            --------------------------------------------------------------------------------
                                                            Originally posted by directfiesta
                                                            So what percentage do you claim that Monaco's bank have reinvested in the LOCAl economy?

                                                            Does your belief also applaies to Switzerland, Lichenstein, Bahamas, Belize and other fiscal paradise???
                                                            --------------------------------------------------------------------------------



                                                            Originally posted by Pleasurepays


                                                            no. money gets pumped into those countries for no reason at all. the countries create laws, tax laws and banking regulations that are of absolutely no benefit to them whatsoever.

                                                            are you retarded? or just from Quebec?

                                                            You can't answer that simple question??? Just are able to repeat stupidities.

                                                            Do I have to explain to you WHY people ( mostly foreign corp) use banks in fiscal paradise??/

                                                            You think it is to help the local population...

                                                            You are taking to much of the chemical shit you sell.


                                                            Please, don't pollute the board = don't answer
                                                            I know that Asspimple is stoopid ... As he says, it is a FACT !

                                                            But I can't figure out how he can breathe or type , at the same time ....

                                                              Comment

                                                              • mrthumbs
                                                                salad tossing sig guy
                                                                • Apr 2002
                                                                • 11702
                                                                #66
                                                                Originally posted by Pleasurepays

                                                                - Armegeddon did not really happen. no one flew to an asteroid, landed on it and blew it up.
                                                                get the fuck outta here..

                                                                  Comment

                                                                  • Sly_RJ
                                                                    Live Hard - Die Hard
                                                                    • Feb 2002
                                                                    • 17042
                                                                    #67
                                                                    Originally posted by Lenny2


                                                                    I really don't know, I can't imagine its much though.

                                                                    I think other countries have similar provisions for charitable donations and such. Maybe someone from the UK can tell us?
                                                                    I don't know man.

                                                                    I know a lot of people who run businesses. At the end of the year, every damn one of them finds something to spend money on to drop their taxes. Whether it be capital for the company, more land for another warehouse, company vehicles, donations to their local parks, it's always something.

                                                                    Nobody likes paying taxes when there's a way to get something extra out of the same money. Be it material or spiritual.
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                                                                      • scooby doo as scooby does
                                                                        Confirmed User
                                                                        • Nov 2002
                                                                        • 314
                                                                        #68
                                                                        Originally posted by Lenny2


                                                                        I really don't know, I can't imagine its much though.

                                                                        I think other countries have similar provisions for charitable donations and such. Maybe someone from the UK can tell us?
                                                                        Yeah, Europe has this. UK, France, Germany def. I'd be surprized is the other Euro countries didn't. The've all been around long enough to develop really fucked up taxation systems
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                                                                          • 12clicks
                                                                            Too lazy to set a custom title
                                                                            • Jan 2001
                                                                            • 19814
                                                                            #69
                                                                            Originally posted by Colin
                                                                            Everyone should make the same contribution regardless of income. I'm not just talking about a flat tax. I say we go all the way.

                                                                            Everyone send the government a $10,000 check and we'll just call that the fairest system possible.
                                                                            Colin, at this point I'd settle for a flat tax.
                                                                            We'll never see it because once the poor realized how much all these dopey programs they vote for actually cost, they would vote them all down.
                                                                            (of course, it wouldn't get that far. once the poor realized a flat tax means "paying your share" they'll run from it like its the plague)
                                                                            I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

                                                                              Comment

                                                                              • Snake Doctor
                                                                                I'm Lenny2 Bitch
                                                                                • Mar 2001
                                                                                • 13449
                                                                                #70
                                                                                Originally posted by Sly_RJ

                                                                                This is probably true. However, how much of the "saved taxes" are due to charitable donations and other tax write-offs?

                                                                                http://moneycentral.msn.com/articles...asics/9196.asp

                                                                                Federal tax burden as a % of GDP (as of 1999)
                                                                                SWEDEN 52.4
                                                                                DENMARK 49.4
                                                                                FINLAND 46.3
                                                                                BELGIUM 45.9
                                                                                FRANCE 45.5
                                                                                AUSTRIA 43.8
                                                                                ITALY 42.7
                                                                                NORWAY 41.8
                                                                                LUXEMBOURG 41.7
                                                                                NETHERLANDS 41.6
                                                                                CZECH REPUBLIC 39.3
                                                                                HUNGARY 38.9
                                                                                CANADA 38.0
                                                                                GERMANY 37.5
                                                                                UNITED KINGDOM 37.0
                                                                                GREECE 36.9
                                                                                POLAND 36.4
                                                                                SLOVAK REPUBLIC 36.0
                                                                                ICELAND 35.9
                                                                                NEW ZEALAND 35.8
                                                                                SWITZERLAND 35.0
                                                                                SPAIN 34.8
                                                                                PORTUGAL 34.2
                                                                                IRELAND 31.9
                                                                                TURKEY 30.8
                                                                                AUSTRALIA 30.2
                                                                                JAPAN 26.7
                                                                                UNITED STATES 26.0
                                                                                KOREA 24.3
                                                                                MEXICO 17.2
                                                                                Source: Organization for Economic Development and Cooperation
                                                                                sig too big

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                                                                                  • LadyMischief
                                                                                    Orgasms N Such!
                                                                                    • Sep 2002
                                                                                    • 18135
                                                                                    #71
                                                                                    Interesting to see which years were actually in the green. Maybe Bill Clinton wasn't the most moral man, but he didn't do much that was really BAD as far as the country was concerned.

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                                                                                      • Snake Doctor
                                                                                        I'm Lenny2 Bitch
                                                                                        • Mar 2001
                                                                                        • 13449
                                                                                        #72
                                                                                        http://www.huppi.com/kangaroo/8Comparison.htm

                                                                                        The table won't line up right for me, the number on the left is tax burden as a percentage of GDP, the number on the right is the top income tax rate.
                                                                                        Again the US is the lowest



                                                                                        General rate Top rate
                                                                                        (percent of GDP) (percent of income)
                                                                                        Sweden 53.2% 45.0
                                                                                        Denmark 48.3 40.0
                                                                                        Norway 47.1 23.0
                                                                                        Netherlands 47.0 72.0
                                                                                        Germany 39.2 56.0
                                                                                        Finland 37.7 51.0
                                                                                        Canada 37.3 29.0
                                                                                        Japan 30.9 60.0
                                                                                        United States 29.8 34.0
                                                                                        sig too big

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                                                                                          • ADL Colin
                                                                                            Too lazy to set a custom title
                                                                                            • Feb 2001
                                                                                            • 11929
                                                                                            #73
                                                                                            Originally posted by Lenny2
                                                                                            http://www.huppi.com/kangaroo/8Comparison.htm
                                                                                            I thought the most interesting stat on that page was:

                                                                                            Average Household Savings

                                                                                            Japan $45,118


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                                                                                              • theking
                                                                                                Nice Kitty
                                                                                                • Sep 2002
                                                                                                • 21053
                                                                                                #74
                                                                                                Originally posted by Krome
                                                                                                Bush cant use a calculater let alone run a country economic policy.
                                                                                                He doesn't run the "economic policy". Congress controls the purse strings and passes budgets...not the President.

                                                                                                Colin is correct...in the sense that it is business as usual. As long as economic growth exeeds the growth (speaking in relative percentage points) of the over all national debt...the economy remains sound.
                                                                                                When you're running down my country hoss...you're walking on the fighting side of me!

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                                                                                                  • 12clicks
                                                                                                    Too lazy to set a custom title
                                                                                                    • Jan 2001
                                                                                                    • 19814
                                                                                                    #75
                                                                                                    Originally posted by Lenny2
                                                                                                    http://www.huppi.com/kangaroo/8Comparison.htm

                                                                                                    The table won't line up right for me, the number on the left is tax burden as a percentage of GDP, the number on the right is the top income tax rate.
                                                                                                    Again the US is the lowest



                                                                                                    General rate Top rate
                                                                                                    (percent of GDP) (percent of income)
                                                                                                    Sweden 53.2% 45.0
                                                                                                    Denmark 48.3 40.0
                                                                                                    Norway 47.1 23.0
                                                                                                    Netherlands 47.0 72.0
                                                                                                    Germany 39.2 56.0
                                                                                                    Finland 37.7 51.0
                                                                                                    Canada 37.3 29.0
                                                                                                    Japan 30.9 60.0
                                                                                                    United States 29.8 34.0

                                                                                                    so then, out of the hundreds of countries in the world, only 7 pay more in tax than the US?
                                                                                                    And most of them socialist?
                                                                                                    that's frightening.
                                                                                                    I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

                                                                                                      Comment

                                                                                                      • ADL Colin
                                                                                                        Too lazy to set a custom title
                                                                                                        • Feb 2001
                                                                                                        • 11929
                                                                                                        #76
                                                                                                        Originally posted by 12clicks



                                                                                                        so then, out of the hundreds of countries in the world, only 7 pay more in tax than the US?
                                                                                                        And most of them socialist?
                                                                                                        that's frightening.
                                                                                                        Study includes only the US, Northern Europe, Japan and Canada.


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                                                                                                          • FredC
                                                                                                            Registered User
                                                                                                            • Feb 2003
                                                                                                            • 10
                                                                                                            #77
                                                                                                            Originally posted by Colin


                                                                                                            Study includes only the US, Northern Europe, Japan and Canada.
                                                                                                            And it's, unless I'm reading it wrong, 12 years old;-)

                                                                                                              Comment

                                                                                                              • 12clicks
                                                                                                                Too lazy to set a custom title
                                                                                                                • Jan 2001
                                                                                                                • 19814
                                                                                                                #78
                                                                                                                Originally posted by Colin


                                                                                                                Study includes only the US, Northern Europe, Japan and Canada.
                                                                                                                I'd take it with a grain of salt. its agenda driven.
                                                                                                                http://www.huppi.com/kangaroo/
                                                                                                                I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

                                                                                                                  Comment

                                                                                                                  • theking
                                                                                                                    Nice Kitty
                                                                                                                    • Sep 2002
                                                                                                                    • 21053
                                                                                                                    #79
                                                                                                                    Colin...what was your major?
                                                                                                                    When you're running down my country hoss...you're walking on the fighting side of me!

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                                                                                                                      • CraigA
                                                                                                                        Confirmed User
                                                                                                                        • Aug 2002
                                                                                                                        • 723
                                                                                                                        #80
                                                                                                                        Originally posted by LadyMischief
                                                                                                                        Interesting to see which years were actually in the green. Maybe Bill Clinton wasn't the most moral man, but he didn't do much that was really BAD as far as the country was concerned.
                                                                                                                        Screw his indescretions and his supposed lack of moral fiber to suit the right wing, Bill Clinton knew economics. You don't have to go around, waving a flag and posing for some pictures with your family before you go to church on Sunday to be a good leader.

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                                                                                                                          • Gunni
                                                                                                                            Confirmed User
                                                                                                                            • Apr 2003
                                                                                                                            • 2385
                                                                                                                            #81
                                                                                                                            You guys can play with numbers all you like, the fact is that the Scandinavian countries have the higest standard of living in the world!

                                                                                                                            If a man is standing with one foot in icewater, and the other in boiling water, is he fine on average?

                                                                                                                            The USA has a bigger % of poor people than any other western country in the world.

                                                                                                                            That's just a fact, not an attack on America, I actually like your country just fine

                                                                                                                              Comment

                                                                                                                              • 12clicks
                                                                                                                                Too lazy to set a custom title
                                                                                                                                • Jan 2001
                                                                                                                                • 19814
                                                                                                                                #82
                                                                                                                                Originally posted by CraigA

                                                                                                                                Screw his indescretions and his supposed lack of moral fiber to suit the right wing, Bill Clinton knew economics. You don't have to go around, waving a flag and posing for some pictures with your family before you go to church on Sunday to be a good leader.
                                                                                                                                huh?
                                                                                                                                its called a fake economy based on an internet bubble.
                                                                                                                                I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

                                                                                                                                  Comment

                                                                                                                                  • 12clicks
                                                                                                                                    Too lazy to set a custom title
                                                                                                                                    • Jan 2001
                                                                                                                                    • 19814
                                                                                                                                    #83
                                                                                                                                    Originally posted by Gunni
                                                                                                                                    You guys can play with numbers all you like, the fact is that the Scandinavian countries have the higest standard of living in the world!

                                                                                                                                    glugglug
                                                                                                                                    link?
                                                                                                                                    I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

                                                                                                                                      Comment

                                                                                                                                      • Snake Doctor
                                                                                                                                        I'm Lenny2 Bitch
                                                                                                                                        • Mar 2001
                                                                                                                                        • 13449
                                                                                                                                        #84
                                                                                                                                        Originally posted by 12clicks

                                                                                                                                        I'd take it with a grain of salt. its agenda driven.
                                                                                                                                        http://www.huppi.com/kangaroo/
                                                                                                                                        So is everything you say, so what's the difference?
                                                                                                                                        sig too big

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                                                                                                                                          • theking
                                                                                                                                            Nice Kitty
                                                                                                                                            • Sep 2002
                                                                                                                                            • 21053
                                                                                                                                            #85
                                                                                                                                            Originally posted by Gunni
                                                                                                                                            You guys can play with numbers all you like, the fact is that the Scandinavian countries have the higest standard of living in the world!

                                                                                                                                            If a man is standing with one foot in icewater, and the other in boiling water, is he fine on average?

                                                                                                                                            The USA has a bigger % of poor people than any other western country in the world.

                                                                                                                                            That's just a fact, not an attack on America, I actually like your country just fine
                                                                                                                                            The majority of the US "poor"...have a roof over their head...own one or more cars...one or more TV's...one or more VCR's...own one or more DVD players...game boxes...etc. They do not go to bed hungry...they have vices (smoking...drinking...gambling) etc.

                                                                                                                                            Can the same be said of the "poor" of other countries?

                                                                                                                                            Percentage wise I think the "poor" is around 5%...is this actually higher than other western countries? Maybe it is...anyone have the numbers?
                                                                                                                                            When you're running down my country hoss...you're walking on the fighting side of me!

                                                                                                                                            FOR THE LYING LOWLIFE POSTING AS PATHFINDER...http://gfy.com/fucking-around-and-pr...athfinder.html

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                                                                                                                                              • 12clicks
                                                                                                                                                Too lazy to set a custom title
                                                                                                                                                • Jan 2001
                                                                                                                                                • 19814
                                                                                                                                                #86
                                                                                                                                                Originally posted by Lenny2


                                                                                                                                                So is everything you say, so what's the difference?
                                                                                                                                                mine's opinion passing itself for opinion unless I post links to facts.
                                                                                                                                                your's is opinion disguised as facts to gull the dopey.
                                                                                                                                                big difference.
                                                                                                                                                I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

                                                                                                                                                  Comment

                                                                                                                                                  • rooster
                                                                                                                                                    Confirmed User
                                                                                                                                                    • Jan 2003
                                                                                                                                                    • 2384
                                                                                                                                                    #87
                                                                                                                                                    the clinton economy was built on internet boom (pets.com furniture.com) and cooking the books.

                                                                                                                                                    Seriously, what would he do for the economy other than slash the millitary, fbi, cia budget?
                                                                                                                                                    Ever notice that pretty much everything added to the Constitution after the original was a mistake.

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                                                                                                                                                      • ADL Colin
                                                                                                                                                        Too lazy to set a custom title
                                                                                                                                                        • Feb 2001
                                                                                                                                                        • 11929
                                                                                                                                                        #88
                                                                                                                                                        Originally posted by theking
                                                                                                                                                        Colin...what was your major?
                                                                                                                                                        Physics.


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                                                                                                                                                          • magicmike
                                                                                                                                                            Confirmed User
                                                                                                                                                            • Feb 2003
                                                                                                                                                            • 2384
                                                                                                                                                            #89
                                                                                                                                                            Originally posted by Lenny2
                                                                                                                                                            http://www.huppi.com/kangaroo/8Comparison.htm

                                                                                                                                                            The table won't line up right for me, the number on the left is tax burden as a percentage of GDP, the number on the right is the top income tax rate.
                                                                                                                                                            Again the US is the lowest



                                                                                                                                                            General rate Top rate
                                                                                                                                                            (percent of GDP) (percent of income)
                                                                                                                                                            Sweden 53.2% 45.0
                                                                                                                                                            Denmark 48.3 40.0
                                                                                                                                                            Norway 47.1 23.0
                                                                                                                                                            Netherlands 47.0 72.0
                                                                                                                                                            Germany 39.2 56.0
                                                                                                                                                            Finland 37.7 51.0
                                                                                                                                                            Canada 37.3 29.0
                                                                                                                                                            Japan 30.9 60.0
                                                                                                                                                            United States 29.8 34.0

                                                                                                                                                            This is misleading as far as Canada is concerned. 29% may be the top federal rate, but our provinces charge a shit load compared to most states.

                                                                                                                                                            Basically the combined rate for top bracket Canadians is much higher. 46% or so in ontario, 48% in Quebec, less in places like alberta where it comes out to 39% I think, all that oil and gas money is handy. But that 29% isn't even close to what you'd pay in effect.

                                                                                                                                                            But still way better than that Netherlands one, 72% WTF? I guess if you get rich there you move.

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                                                                                                                                                              • Gunni
                                                                                                                                                                Confirmed User
                                                                                                                                                                • Apr 2003
                                                                                                                                                                • 2385
                                                                                                                                                                #90
                                                                                                                                                                Originally posted by 12clicks


                                                                                                                                                                link?
                                                                                                                                                                Sure, you can find all about th subject here, according to them it's

                                                                                                                                                                1: Sweden
                                                                                                                                                                2: Norway
                                                                                                                                                                3: Canada
                                                                                                                                                                4: Belgium
                                                                                                                                                                5: Australia
                                                                                                                                                                6: USA
                                                                                                                                                                7: Iceland
                                                                                                                                                                8: Holland
                                                                                                                                                                9: Japan
                                                                                                                                                                10: Finland

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                                                                                                                                                                  • scooby doo as scooby does
                                                                                                                                                                    Confirmed User
                                                                                                                                                                    • Nov 2002
                                                                                                                                                                    • 314
                                                                                                                                                                    #91
                                                                                                                                                                    Originally posted by magicmike



                                                                                                                                                                    But still way better than that Netherlands one, 72% WTF? I guess if you get rich there you move.
                                                                                                                                                                    The top rate is a pretty misleading indicator as well. What's better, 72% on earnings above 1 million a year only, or 29% on earnings above 25,000 a year only. I'll take the 72% thank you. Without the 'level', that figure is meaningless.
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                                                                                                                                                                    NEWMAN-BERRY CASH
                                                                                                                                                                    Paying webmaster since 1904

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