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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (30227)	5/6/2010 4:47:53 PM
From: DuckTapeSunroof	Respond to of 103300

"Tax evasion or not," (Tax evasion is MASSIVE in Greece....) "a Govt cannot continuously spend more than it collects in revenue" I absolutely agree! "and if the people are evading taxes enmasse, then the taxes are unrealistically set at confiscatory levels." Actually I believe they have fairly low-ish rates compared to the rest of the E.U., but what they probably NEED TO DO (same as us! Only the problem is even more acute in Greece then it is here... if you can believe that <g>) is they need to lower tax RATES at the same time they SLASH all the LOOPHOLES and SPECIAL CARVE-OUTS that favor certain professions and activities over others. In other words what they (and we!) need to do is TRASH the entire corrupted mess of a tax code and start fresh.