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To: Horgad who wrote (61544)	1/25/2001 12:01:12 PM
From: Moominoid	Respond to of 436258

I guess it depends what "average" means. It certainly can't be the mean. You just need to divide all US government (federal and state) expenditure by the GDP to get that. The median would be difficult to believe too. If he said 20% I might believe him as a median figure. He's probably only counting Federal income taxes though in which case 10% could be the median figure.

To: Horgad who wrote (61544)	1/25/2001 12:04:39 PM
From: LLCF	Respond to of 436258

<Studies at Bonn University, cited research showing that the average U.S. household paid just 10 percent tax. > Sounds like a lot of people pay zero... isn't shrubs going to raise the income level of a family of 4 paying zero to something like 35K??? How can anyone complain about that, except that it should probably by 50K??? DAK

To: Horgad who wrote (61544)	1/25/2001 12:04:55 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

hmmm wonder what his US colleague would say ``The only way you can be optimistic about Japan is to turn the charts upside down,'' said Kenneth Courtis, vice-chairman for Goldman Sachs in Asia. ``That country has spent a decade digging itself into a hole.'' With debt levels at five times gross national product, real interest rates of three to five percent for 10-year money despite zero interest rates, and the government running out of funds to maintain fiscal stimulus, the yen looked set to depreciate steadily for the coming two years, Courtis said.