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**spoddersedpn** · 02-09-2006, 06:43 PM

80% income tax on who? They don't even bother with most folks. Thus my comment about "when they get their digs in..." so India and Mexico are my analogous attempts of servitude - the systems do not work for various reasons.

Point being, taxes are not necessarily a bad thing if you can make a collective decision about what is important (i.e., democracy), and prevent corruption (checks and balances).

I think you jump too soon or perhaps my mind was running faster than my typing skills.

Oh, and the "collective goal" is decided by elections and votes and laws, etc...
Do we have problems? Hell yes.

I think he was complaining generally about progressive income tax systems. However, he was grossly incorrect on the marginal rates for both India and Mexico. A Comparison of international tax systems shows that India has a top marignal income tax rate of 30% for individuals and a top marginal tax rate of 40% for businesses. It has no VAT system. For Mexico, it has a top marginal income tax rate of 29% for individuals and a flat 30% for business. It also has a VAT tax rate of 15%. Thus, his comparision is grossly off.

02-09-2006, 06:43 PM	#20
spoddersedpn Join Date Oct 2005 Posts 613 Senior Member	80% income tax on who? They don't even bother with most folks. Thus my comment about "when they get their digs in..." so India and Mexico are my analogous attempts of servitude - the systems do not work for various reasons. Point being, taxes are not necessarily a bad thing if you can make a collective decision about what is important (i.e., democracy), and prevent corruption (checks and balances). I think you jump too soon or perhaps my mind was running faster than my typing skills. Oh, and the "collective goal" is decided by elections and votes and laws, etc... Do we have problems? Hell yes. I think he was complaining generally about progressive income tax systems. However, he was grossly incorrect on the marginal rates for both India and Mexico. A Comparison of international tax systems shows that India has a top marignal income tax rate of 30% for individuals and a top marginal tax rate of 40% for businesses. It has no VAT system. For Mexico, it has a top marginal income tax rate of 29% for individuals and a flat 30% for business. It also has a VAT tax rate of 15%. Thus, his comparision is grossly off.
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