Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending: TaxProf Blog: Tax Attractiveness Index: U.S. Is Ugly Betty (95th of 100 Countries, Right Below Zimbabwe)

Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Thursday, July 11, 2013

TaxProf Blog: Tax Attractiveness Index: U.S. Is Ugly Betty (95th of 100 Countries, Right Below Zimbabwe)

I have always had arguments with hard left Democrats that the US tax system is not competitive with other countries. They always roll out statistics about marginal Federal tax rates as compared with others like Germany. However, the problem with all of this is that it is comparing apples and oranges. Germany taxes nationally, whereas the USA has a panapoly of tax authorities and this includes sometimes very high income taxes levied by states and even cities.

But here we see an index that attempts to collate and balance the various taxes and we see that the US does not fair that well. Confiscatory taxes and Utopian wealth redistribution is a live and well in the United States!

TaxProf Blog: Tax Attractiveness Index: U.S. Is Ugly Betty (95th of 100 Countries, Right Below Zimbabwe)