How to REALLY cut US taxes
Ed Huntress wrote:
"Zayonc" wrote in message
...
Ed Huntress wrote:
You've left out VAT. Annual average consumption per person in France is
$24,600. The nominal VAT is 19.6% (33% for luxury goods; 5.5% for food).
So
that's close to another $5k per year for the French, on top of income tax
and other taxes.
Then do not forget state/sales taxes - here in California it's not
funny.
And then local taxes.
They don't even come close to the VATs in Europe and parts of Asia. Several
of those are over 20%. And there are other small taxes that one doesn't hear
much about.
OK, I have near to 10% of CA tax on all the income and additionally
8.25% on some of the consumption and 1% for property tax (for CA
prices!).
I would guess that it is close enough to 20% on consumption.
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