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1 lostlakehiker  Thu, Aug 18, 2011 4:57:56pm

Does this count in state and local taxes?

2 SpaceJesus  Thu, Aug 18, 2011 6:40:36pm

re: #1 lostlakehiker

doesn't look like it, but here ya go (till at least the 70's)

[Link: www.taxfoundation.org...]

3 watching you tiny alien kittens are  Thu, Aug 18, 2011 6:53:53pm

re: #1 lostlakehiker

Does this count in state and local taxes?

Quoting from the article snippet above...

When all taxes, including state and local, are added up, the proportion of GDP going to taxes has been essentially flat for nearly half a century, according to the Organization for Economic Cooperation and Development.

4 Gus  Thu, Aug 18, 2011 7:29:33pm

re: #3 ausador

Quoting from the article snippet above...

Thank you.

Also in this case, context is everything. The context here is unjustified criticism levied against President Obama and the presidential race. The president has little effect on state, sales and property taxes. The primary question about the president has never been about state taxes, etc. It is about Federal and corporate taxes. Neither of which has been raised under President Obama.

Ironically, when the Federal government loses revenue it reduces Federal aid to states in a variety of forms. This slack has to be typically taken up by the state in raising taxes in order to maintain state services all across the board. So when the Republicans vote for less money for education that eventually trickles down, or in this case up, to states who have to take up the slack. The same is true with health services, and so on.

Bottom line is that "the highest marginal income and corporate tax rates are the lowest they've been since World War II." The taxes levied on "the rich" are one of the lowest in the industrialized world and are nowhere near the heights of pre 1960 levels.

5 TampaKnight  Thu, Aug 18, 2011 7:33:58pm

You know something- I think we can raise the top marginal rate back to 39.6%, remove deductions, flatten the base, and move on. That's fine.

But I wish to God we'd stop comparing our taxes to European nations and saying "See, we pay nothing!". I do extensive business through Europe and their taxes are absolutely ridiculous. And it's reflected in the fact that while they have many good companies and innovations, it pales in comparison to what the U.S. does. There simply isn't enough incentive or private capital available and the governments don't know how to innovate the way private markets do.

And this is compounded by the fact that European governments have viewed high taxation and a "mandate" for social programs as a crux to spend wildly and out of control, as we now watch the EU desperately try to find a way to keep it's member nations solvent and prevent a 2nd recession due to European debt overload.

I think we can, and probably should, marginally raise some taxes in the U.S. But in no way do I think for a second that we should start racing towards OECD taxation levels, simply because a graph says so. Raise taxes where it makes sense, tell our government to learn some discipline and spend within our means, and let American innovation do what it's done for the past 100 years.

6 Varek Raith  Thu, Aug 18, 2011 11:08:24pm

re: #5 TampaKnight

Most of your post is a strawman.
No one said "See, we pay nothing!" You made that up.

There simply isn't enough incentive or private capital available and the governments don't know how to innovate the way private markets do.

What innovation does private insurance companies bring?

And this is compounded by the fact that European governments have viewed high taxation and a "mandate" for social programs as a crux to spend wildly and out of control, as we now watch the EU desperately try to find a way to keep it's member nations solvent and prevent a 2nd recession due to European debt overload.

See Iraq and Afghanistan and the Bush Tax Cuts. We largely did this to ourselves with our reckless tax cutting and magical accounting tricks.

I think we can, and probably should, marginally raise some taxes in the U.S. But in no way do I think for a second that we should start racing towards OECD taxation levels, simply because a graph says so. Raise taxes where it makes sense, tell our government to learn some discipline and spend within our means, and let American innovation do what it's done for the past 100 years.


The entire GOP disagrees.
Also, no one said anything about "racing towards OECD taxation levels".

What this article does is nicely demolish the GOP talking point that corporations are taxed too high and so are the wealthy.


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