[geeks] Taxes

[hike]

On Fri, May 23, 2008 at 9:36 AM, Lionel Peterson <lionel4287 at verizon.net>
wrote:

> >From: hike <mh1272 at gmail.com>
> >Date: 2008/05/23 Fri AM 07:55:56 EDT
> >To: The Geeks List <geeks at sunhelp.org>
> >Subject: Re: [geeks] nVidia 8800GT for Apple Mac Pro
>
> >On Fri, May 23, 2008 at 6:41 AM, Phil Stracchino <alaric at metrocast.net>
> >wrote:
> >
> >> Shannon Hendrix wrote:
> >>
> >>> The only way I can see for socialism to work is for citizens to turn
> over
> >>> most of their money and a lot of their freedom.
> >>>
> >>
> >> Sweden is widely regarded as being pretty heavily socialist, but seems
> to
> >> work pretty well.  But there's one crucial, and rare, factor:  the
> Swedish
> >> government is *HONEST*.
> >>
> >> No system of government will work for the benefit of its citizens if the
> >> government is corrupt, and ours is rotten to the core.  Not to the
> extent
> >> of, say, Zimbabwe, it's true, but still rotten.  It serves itself first
> of
> >> all, and anything else is an afterthought.
>
> The US Gov't collects taxes on US Citizens working in other countries as
> well, I think this is pretty common actually. IIRC, that is why certain
> entertainers fled the UK back in the 70's and 80's, as they were "enjoying"
> 95% tax rates on their earnings... Which kinda makes you want to stop
> working (a lesson some politicians here in the US of A could stand to
> learn... It's way too easy to just say "we'll provide you X by taxing the
> rich").
>
> I saw an interesting report last night that analyzed actual tax reciepts as
> a percentage of domestic earnings, and oddly, no matter what the tax rates
> were (91% down to the current "Bush Adjusted" tax rates that "benefit the
> wealthy"), the gov't took in about 19.5% in tax revenue. When the tax rate
> is higher, people find ways to reduce their tax liability, when it drops,
> there is less incentive to do so...
>
> Lionel
> _______________________________________________
> GEEKS:  http://www.sunhelp.org/mailman/listinfo/geeks
>


The USA gives expatriots a good-sized deduction (based on the country) that
reduces gross pay/earnings to a much smaller amount.  (It was a 50%+ where I
lived.)

The mainstream media article indicated or stated that socialist Sweden did
not give such a deduction.
The EU has helped in reducing loopholes for Sweden's expatriots.

This is a major/bid difference!

The mainstream media also said that the ration for employed to welfared is
1:1.

Swedish employee get good pay but the government takes most of it.