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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (361683)	12/6/2007 6:58:55 PM
From: tejek	Respond to of 1575328

So you agree they should lower taxes? Of course. They have to compete with the rest of Europe....which they seem to be doing very well....at least on the surface. This guy in the article......Sorenson....sounds like he has an axe to grind. Obviously at their higher marginal rates (66% tax rates) you get more of that type of effect, but its not something that suddenly appears at some high rate. The higher the rate the more you get that effect (people leaving the country, or just not working as hard for extra wages) I think you get people maybe leaving but it doesn't necessarily follow that people don't work as hard. You also have to understand this whole EU thing is relatively knew for Europeans. Up until the 90s, most Europeans died where they were born. Moving around a lot was a strange American custom.......very foreign to Europeans. Now they are into it and I think like kids with a new toy, they are doing it in a big way. However, if my friends are typical, they move away and work in other places but then end up coming back to Germany to have children and eventually retire. The living is good in Germany, Denmark etc. One thing that does help Demark is that they have a lower corporate tax rate (28%). In the US you have as high as a 39% federal rate (with most corporate income taxed at 35%), plus any possible state taxes (I don't really know any details about state corporate taxes, does anyone here have relevant info?) I know CA has corporate and partnership taxes......you pay an annual fee of $900 plus taxes on any income over a certain level.