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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (13805)	9/22/2003 12:10:02 PM
From: GraceZ	Respond to of 306849

Clearly you either chose to ignore the post or didn't comprehend the post where I said that spending cuts would follow tax cuts. They will have to.

To: Elroy Jetson who wrote (13805)	9/22/2003 6:30:15 PM
From: gpowell	Read Replies (1) \| Respond to of 306849

By 2002, the tax take was down to 26.3 percent of G.D.P., and all indications are that it will be lower still this year and next. This is a low number compared with almost every other advanced country. In 1999, Canada collected 38.2 percent of G.D.P. in taxes, France collected 45.8 percent and Sweden, 52.2 percent. GDP per capita (Source: CIA World Factbook, July 1, 2002) US - $35,831 Canada - $25,421 France - $24,315 Sweden - $22,197 Seems to be a correlation between the tax rate and national wealth.