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According to newly revised statistics, Denmark has had the world's highest tax level in 2005 and 2006, at 50.7% and 49.1% respectively. Denmark also held this position 1970-74 and 1993-95 . These figures do not include income from ownership.
Originally posted by Alaskan Man
This is directed at my fellow Americans but really anyone in a westernized country will be able to relate.
There’s talk now of taxes being raised on middle class American, to help pay the outrageous debt the government has produced for us.
This seems like the worst possible time, times are hard enough even if you are a middle class citizen (much worse for the class below). Taking a higher percentage of someone’s earnings is only going to make life that much more difficult, for some it will totally change the way they live (since some barely afford essentials as it is).
So I ask you this, what will you do? I really don’t know what I should do…
Do We Protest?
Do We Have a National Sit In?
Do We Riot?
Do We Bend Over and take it?
(if you know more/better options feel free to add them)
Taxes don’t tend to go down (there are exceptions, see: 13 colonies,1776) so once this happens its probably permanent.
Unfortunately I think the last option will be the one we end up excepting.
Ok, I'm not American, but I feel that this is relevant. In Denmark, we pay almost 50% in income tax. And then on top of that, there's a 25% tax on all goods and services that we buy (called "moms"). I bet the taxes in the US are not on that scale.
Originally posted by Cyberbian
Not if, but when they raise taxes, and the when is 2010.
George Bush left us a ticking time bomb of tax legislation.
Tax Time Bomb
Originally posted by RetinoidReceptor
I suggest getting a good CPA and then just donating a lot money so you don't give it to the bastard gov. to spend 1 million dollars on a toilet seat and give it to the ASPCA or some other organization.