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Pay No Attention: Global Tax Rates Falling

November 10, 2008 RSS Feed Print

Hey, America is a trend setter. Our tax rates are going up. Everyone else's are going down.

This from Tax-News.com: "Top personal income tax rates around the world have fallen by an average of 2.5% in the past six years ... a new study from KPMG International has found. Worldwide, top personal tax rates have fallen from an average of 31.3% in 2003 to 28.8% in 2008. But European Union (EU) taxpayers still pay the highest rates, at an average of 36.4%, followed by taxpayers in the Asia Pacific countries with an average of 34.6% and those of Latin America at 26.9%, KPMG said. At a country level, the highest tax rates in the world are paid by the people of Denmark, with a top rate of 59% for the whole six years, followed by those of Sweden, whose rate came down last year from 57% to 55%, and those of the Netherlands, who have paid 52% for the whole period."

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All the article addressed was the tax rates of other countries. Where were the stats on America's tax rates? As written, there is no comparason, and the article's title is bogus.

James Pedersen of ND 12:02PM November 12, 2008

Sorry for the typos!
Not only wil rational economics will be back, but also reason, science and morality. The faith-based hooey against stem cell reasearch wil be gone, family plannning will be in style,with comprehensive sex education and so forth. There will be no renditions and failure to support the Constitution and no signing statements.
Obama-Biden - greater than Clinton- Gore! And they did well!

Morgan-LynnGriggs Lamberth of GA 10:41AM November 11, 2008

James needs to understand demand-side economics -Kyensianism]: the non- rich buy most of the goods, so if they get raises and pay less in taxes, they buy the goods that causes small businesses to prosper and to make more small busnineses with new products. Large businesses make new products too but they have emough money to reinvest even paying higher taces and with the rich paying higher taxes. Now one might with Robert Reich and me , consider taking away completely business taxes, putting them on the shareholders like me.
The rich buy only so many yacths and Rolls Royces and invest the rest of their money rather than starst new businesses.While one would never go back before Pres Kennedy's tax rates, even before then the rich prospered. There are now so many suuper rich. We liberals will not kill this golden goose and will help the one of small business through less taxation and loans.
Jimmy P. meet Paul Krugman! Please folks, Arthur Laffer and Milton Friedman are so passe!

Morgan-LynnGriggs Lamberth of GA 10:31AM November 11, 2008

Pay No Attention: Global Tax Rates Falling

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