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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Elsewhere who wrote (100132)	6/4/2003 3:37:06 AM
From: Nadine Carroll	Read Replies (3) \| Respond to of 281500

High taxes in Europe are a myth. "Taxes on income and profits as percentage of GDP" were 14.2% in the USA and 11.2% in Germany in 1999. US taxes mostly on income (federal, state, and payroll taxes). Europe taxes mostly on VAT and sales. Is VAT counted as tax on profit here? How do property taxes compare? I smell an apples to oranges comparison.

To: Elsewhere who wrote (100132)	6/4/2003 12:48:40 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 281500

High taxes in Europe are a myth. "Taxes on income and profits as percentage of GDP" were 14.2% in the USA and 11.2% in Germany in 1999. Interesting. So why has economic growth lagged that of the US for so many years? And why is a stronger dollar threatening to thrust Germany into recession, rather than economic (and equity market) boom, as a stronger dollar did here? Is it that generous worker benefits cut economic productivity? Btw, do unemployed workers pay taxes on their benefits as they do here in the US? Hawk