Ned Pepper's Outrages

Friday, October 7, 2011

Taxing the poor Sneering Plutocracy, etc

To hear their sycophants, rentboys and lickspittles tell it, one would think that the Sneering Plutocracy and the Paris Hilton Crowd, those intestinal parasites on the Body Politic, were disadvantaged by onerous tax rates in the U.S., and if we didn't cut their taxes from such confiscatory levels, that they would all stop working, leave the country, lay off all their illegal immigrant house staff, or take their football and go home, leaving us all in the sh**s. Well, comes that beacon of sense The Economist, with a list of developed country tax rates. Effective tax rates on $100 grand, hardly a wealthy income by the way, including social security, which they all get back anyway, range from 49% for Belgium, down to 24% for the U.S. That's right, folks the U.S. has the lowest effective tax rate of any developed country on the wannabe Plutocracy, and it's even less on the true Plutocracy, those making $1 million or more. Here's who's above us (in order), Australia, China(!), Japan, Czech Rep., Britain, Sweden, Brazil, India, Denmark, France, Germany, Greece, and little Belgium.
You can look it up. So the next time some pinhead, room temperature IQ Republican says we need to cut taxes on the rich, tell them to put it where the sun don't shine.

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