Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Cogito Ergo Sum who wrote (50874)	6/10/2004 11:40:52 PM
From: AC Flyer	Read Replies (1) of 74559

>>What is wrong with you guys ? Are you dare I say it .... socialists ;o)<< Yes, we are. That is the dirty little secret of the US federal income tax system - it's as punitive (relatively) towards the most productive citizens as any European income tax system, with a very small minority of citizens paying the vast majority of total income taxes. The only saving grace for the US is that government spending is a significantly lower percentage of GNP than in most other countries, hence tax rates tend to be lower across all income brackets.

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