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Originally posted by jsobecky
Pure Utopia, eh, Souljah? At what cost?
Somebody has to pay for it, in one form or another.
Originally posted by jsobecky
Well, stumason, all my figures were from 2 sources.... it doesn't really matter. We both have to pay the Tax Man.
Originally posted by jsobecky
And yes, we have a lot of taxes that you don't see. From what I understand about GB, the Fed's are the main source of taxers. Here, we have state, local, county, municipal taxes, depending on where you live.
In fact, we EXPECT more from our Government.
Originally posted by jsobecky
Further proof that your gov't is hungrier than ours:
Even under the stiff new tax law, U.S. Federal income taxes are still far behind Britain's. For a single person, the U.S. tax starts next year at 10% on net income over $750, runs to a peak of 81% on net income over $5,000,000. The British tax begins at 6% on earned income over $480, rises sharply, virtually confiscates all income over $20,000 (97½%). A U.S. married couple without dependents, earning $4,000 a year, will pay only $249 Federal income tax. In Britain they would pay $1,404.
www.time.com...
Emphasis added.
If the Chamber of Commerce is right (and not all tax experts are prepared to admit that it is), in fiscal 1942 the average U.S. citizen will pay $168 in taxes; the average Briton will pay $165.
Originally posted by the smoking beagle
And the date line on this article ?
Monday, Oct. 13, 1941
Thanks for the comedy
regards
beagle
pip pip !!
[edit on 21-2-2007 by the smoking beagle]
Originally posted by stumason
Well, we were at War I suppose, so the Good of the Nation was at risk
U.S. economy leaving record numbers in severe poverty
The percentage of poor Americans who are living in severe poverty has reached a 32-year high, millions of working Americans are falling closer to the poverty line and the gulf between the nation's "haves" and "have-nots" continues to widen.
A McClatchy Newspapers analysis of 2005 census figures, the latest available, found that nearly 16 million Americans are living in deep or severe poverty. A family of four with two children and an annual income of less than $9,903 - half the federal poverty line - was considered severely poor in 2005. So were individuals who made less than $5,080 a year.
The McClatchy analysis found that the number of severely poor Americans grew by 26 percent from 2000 to 2005. That's 56 percent faster than the overall poverty population grew in the same period. McClatchy's review also found statistically significant increases in the percentage of the population in severe poverty in 65 of 215 large U.S. counties, and similar increases in 28 states. The review also suggested that the rise in severely poor residents isn't confined to large urban counties but extends to suburban and rural areas.