Sign in to follow this  
Followers 0
fish'nmagician

Tax rates and Standard of Living

Rate this topic

123 posts in this topic

my google skills aren't that good....

does a chart exist whch shows the countries ranked by the standard of living of their citizens which lists their total tax liability as a percentage of income?

 

my guess would be that standard of living and taxes go hand in hand.

Share this post


Link to post
Share on other sites

Economic liberty versus comfort and security...would you trade one for the other and do you claim a right to make that decision for others?

Share this post


Link to post
Share on other sites
View PostEconomic liberty

 

 

cwm27.gifcwm27.gifcwm27.gif

what is "Economic Liberty"?!!?

 

yes,

I'd HAPPILY live in a country that could pay me enough so that my AFTER TAX take home income puts me on top of the world.

 

would you rather live in poverty, but keep 100% of your income...

and be at the bottom in standard of living?

 

I tend to be a realist first, and an idealist second.

Share this post


Link to post
Share on other sites

two adages:

 

Shorty, my old accountant used to say after we finalized the statement:

 

"... and remember, it's a Privilege to Pay Taxes!"

 

and then on the street: "The more tax you pay, the more money you've made."

Share this post


Link to post
Share on other sites
View PostWeb page with a 2009 listing of Global Tax rates

both corporate and personal.

 

http://www.worldwide-tax.com/

 

According to that our individual tax rates range from 15-35% cwm13.gif

 

Wouldn't total effective tax rates be a more accurate measure - like revenue/GDP? Or even total expenditures/GDP, since all spending will eventually have to be covered by taxes.

Share this post


Link to post
Share on other sites
View PostWouldn't total effective tax rates be a more accurate measure - like revenue/GDP? Or even total expenditures/GDP, since all spending will eventually have to be covered by taxes.

 

Funny thing about numbers, percents, GDP, etc.

 

 

When someone does business, say runs a coal fired power plant...

 

Do we figure in the cost of damages and degraded quality of life

 

through pollution and the associated hazardous waste as part

 

of the "cost of doing business"?

 

Because, it will impact the GDP and effectively be a cost shift

 

from the private sector onto the public taxpayer.

 

 

Coal power & pollution may lead to increased economic activity and

 

an increase in standard of living... but also a decline in quality of life.

 

see also: TVA Coal Ash Spill

Share this post


Link to post
Share on other sites

Absolutely - the net costs/benefits are incalculable - minute details over infinite timescales - one of the reasons I'm always going to default to more liberty/less government - we don't know what the net effects of any policy, tax, expenditure, intervention, regulation, program, action or inaction will be, but we oftentimes do know, and immediately, what we're sacrificing in their name. As we were discussing last Saturday - its a means vs. ends issue - and if the ends are immeasurable and/or unpredictable, lets at least ensure that the means are just.

Share this post


Link to post
Share on other sites
View Post...but we oftentimes do know, and immediately,

 

what we're sacrificing in their name...

 

its a means vs. ends issue - and if the ends are immeasurable and/or

 

unpredictable, lets at least ensure that the means are just.

 

Makes sense.

 

 

Just one problem.

 

What one person considers their "liberty" can be an infringement to another.

 

Pollution being the example I put forth.

 

As such, I see it as the responsibility & purpose of govt to protect me from that inequity.

 

Regulations being the first line of defense in the promoting the "general welfare"

 

 

Taxes are the means which we sustain our govt. protection

 

I surrender part of my wealth for the protection of the rest.

 

I see a very close relationship between taxes and Quality of Life.

 

As I currently see things these are justified means.

 

 

Unless... the whole concept of govt as a necessary evil to which

 

we surrender our wealth for protection is objectionable as a whole??

Share this post


Link to post
Share on other sites
View PostHow come you don't do that here on SOL, then? I don't see you spouting much that is realistic.

 

 

because you are someone that seems entrenched in your Republican idealogy,

and anything that deviates from the GOP rubber stamped position must seem unrealistic.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to register here in order to participate.

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0

  • Recently Browsing   0 members

    No registered users viewing this page.