Quote: (09-21-2012 03:53 AM)ElJefe Wrote:
The marginal tax rate in the US on income is very high.
That didn't make sense to me, so I googled it. The highest tax bracket for American's is only 35% for every dollar $388k. Compare that to where I live the 2nd highest bracket is 37% for every dollar over only $80k. U.K, Canada, Australia etc all have higher rates on even lower brackets compared to you. In total your tax revenue is only 26% of your GDP, the lowest of any developed state tied with South Korea. Of course, nobody wants to hear that (relatively) they're not paying a lot in tax.
Other then that though I really like some of your ideas.