This, so this. Most of the higher percentage GDP countries provide more government services. It's all about value per dollar taxed. I get the joy of seeing how much less I'm making in take home pay tomorrow. Should be fun!
Well, my intention was to show that using taxes as a percentage of GDP as some sort of metric for comparing countries is meaningless. You can argue that my charts are just as meaningless, but at least measuring by income is a more accurate reflection of the tax burden on the people.
If you wanted a more realistic comparison, you would have to look at services received and what each country pays for them. In that case, for the US you would have to add out-of-pocket health care costs to the total tax bill to compare them to countries where health care is government funded.
For 2011, private health care costs for the US was estimated at $2.7T. So if you add that to the tax bill, as a percentage of GDP, the US jumps from 27% to about 40%.
Another way to look at it would be that taxes & health care came up to about $6.5T, or about $20K per person in the US. That would be the number to compare with other countries.
yup and the hit it took on my take home. i guess you are rich so you dont give a shit so you can sit back and point and laugh ant us grunts who work for a living.
However I realized that when the SS reduction was first put through it was only temporary to stimulate the economy and I knew that it was going away at some point once the economy started to get back on it's feet.
Unlike some people I realize that we got to stop expecting $1.5 in benefits while only paying a $1.
Ya, I just looked at mine. My SS tax is up over $100 a pay period. Such is life I guess.
Knowing that something is going to happen doesn't make it better when it does happen. Still sucks that I have that much less take home pay. Add in the health insurance cost getting jacked up, and it's a real turd sandwich for a lot of people.
To be more accurate, we're expecting $1 in benefits while paying $1. In reality, we're paying $1.50 and getting $0.50 in benefits with the rest getting wasted or ending up in the pockets of cronies.
I disagree. People are expecting a $1.50 in benefits while only paying $1. The chronic deficits highlight this.
We Americans always seem to be all for budget cuts until things start geting specific.
That's weird. I owed ~$3k both of the last two years and never saw anything.
No, the chronic deficits is because a big portion of every dollar spent is either wasted or goes into the pocket of cronies / lobbyists or corps that have bought ...errr.... lobbied for laws beneficial to them.
True.
What do we want?I disagree. People are expecting a $1.50 in benefits while only paying $1. The chronic deficits highlight this. Considering if we also look at the biggest items in the budget Defense, MediCare, MediCaid and SS. Three out of four of those are entitlement spending for the majority of Americans. We Americans always seem to be all for budget cuts until things start geting specific.
What do we want?
Everything!
Who's going to pay for it?
Someone else!
Whose budgets are going to get cut?
Someone else's!
Pretty much negated my 4% raise. Awesome.
Not so good at math are you?
Holy shit, my paycheck got jacked. WTF...
No raises this year again either. FUUUUUUUUUUUUUU
It negates anything up to 3% depending what other taxes you are also paying where you live. You should be fine with 4%
It doesn't "negate" anything. If there was no raise, then the check would be LESS than it was before. Sure he won't see MORE money, but to say it negates it is simply stupid.
So who did the tax increase effect more the rich, middle or poor? Or in other words dident they lower the middle class taxes an tax the rich a bit more yet?