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Archive for the tag “VAT”

OBAMAS PLAN FOR AMERICA- IS THIS WHAT YOU WANT?

FACTS ARE FACTS…………..WAKE UP AMERICA

A good friend sent me this material and it reminded me of the article I wrote on Denmark. I hope enough sane Americans will see how these “progressive” countries think that between 59.6% up to 80% of an individuals income should be paid back to the government to be fair. Soon you will not have to move to Europe to enjoy the Socialists benefits. If Obama is re-elected you can share you hard earned pay and retirement savings with the Occupiers and those who refuse to work.   CB

Having just returned from three weeks in Greece, I can assure you the cost of living and the income of the average individual is creating a severe economic slow down, but more than that, they keep electing the individuals who promise to keep the unearned, unworked for incomes unchanged. In other words they promise to keep the government handouts coming in exchange for their vote. How they can possibly do this has yet to be exhibited, explained or even discussed much among the Greek people themselves. They just trust that the man they voted for will be able to pull a rabbit out of the hat, because that’s what he said he could do 😉 They raised taxes on the rich years ago . . . and the super rich left the country for less burdensome rates elsewhere . . . in many cases taking their companies with them. 😦

To verify these rates check: http://en.wikipedia.org/wiki/Tax_rates_of_Europe

Current European Tax Rates

Country

Income Tax (%)

VAT (%)

Total (%)

United Kingdom

50%

17.5%

67.5%

France

40%

19.6%

59.6

Greece

40%

25%

65%

Spain

45%

16%

61%

Portugal

42%

20%

62%

Sweden

55%

25%

80%

Norway

54.3%

25%

79.3%

Netherlands

52%

19%

71%

Denmark

58%

25%

83%

Finland

53%

22%

75%

If you’ve started to wonder what the real costs of socialism are going to be – once the full program in these United States hits your wallet, take a look at the table. As you digest these mind-boggling figures, keep in mind that in spite of these astronomical tax rates, these countries are still not financing their social welfare programs exclusively from tax revenues! They are deeply mired in public debt of gargantuan proportions. Greece has reached the point where its debt is so huge it is in imminent danger of defaulting. That is the reason the European economic community has intervened to bail them out. If you’re following the financial news, you know Spain and Portugal are right behind Greece.


The
United States is now heading right down the same path. The VAT tax in the table is the national sales tax that Europeans pay. Stay tuned because that is exactly what you can expect to see the administration proposing after the fall elections. The initial percentage in the United States isn’t going to be anywhere near the outrageous numbers you now see in Europe. The current outrageous numbers in Europe didn’t start out as outrageous either. They started out as minuscule – right around the 1% or 2% where they will start out in the United States. Magically, however, they ran up over the years to where they are now. Expect the same thing here. (Kinda like the Federal Excise Tax on tires that was established in WWII to help off-set the war effort and was supposed to go away after the war)

It is the very notion that with hard work and perseverance, anybody can get ahead economically here in the USA . Do you think that can ever happen with tax rates between 60% and 80%? Think again. With the government taking that percentage of your money, your life will be exactly like life in Europe … You will never be able to buy a home. (Well actually our government will tell the banks they have to loan you the money even if you know they can’t pay it back) You will never buy a car. (Our government will simply take over the auto industry and sell everyone a car . . . for a time anyway) You will never send your children to college. (See the above, State run institutions will be forced by the gov. to make a University education available for all) Let’s not shuffle the battle cry of the socialists under the rug either. It’s always the same cry. Equalize income. Spread the wealth to the poor (whoever they are). Level the economic playing field. Accomplish that and everything will be rosy.

It’s time to take a hard look at reality. Greece is a perfect example. Despite the socialism system that has ruled this country for decades, with a 65% tax rate, they are drowning in public debt, would have defaulted without hundreds of billions in bailout money from the EU, and still. . . 20% of their population lives in poverty. What has all that socialism money bought, besides ultimate power for the politicians running the show? Do you think these people are “free”? They are slaves to their economic “system.” Instead of spreading the wealth around, spread this info around. It might wake up some people.

If you agree with this, share it, if you do not agree with it, read it again!   

Thanks Jim

SOCIALISM – DENMARK STYLE!

I selected Denmark as a benchmark for Americans to evaluate as it is probably the best example of a European Socialist democracy. I also spent a lot of time in Denmark when they were re-aligning their society to accommodate their younger people’s desire for expanded life styles. It was similar to the post Vietnam period in America when the hippies and druggies protested just about everything. This is the same type of protest we see today in our cities begging for a Socialist America.

Copenhagen at that time was, and I am certain still is, a beautiful city. It was sickening to me to walk through the city and see discarded drug syringes in the flower beds and condoms on the ground in the parks but they had the freedom to do as they desired. Hopefully this has changed as it has been some 20 years since my last visit.

One other memory was on a tour of Copenhagen and the guide pointed out all of the beautiful buildings such as hospitals, cultural centers, museums, government offices and boasted about everything being free. Free medical care; free everything that he described, it sounded like Utopia. He was then asked how much of his salary went to taxes and he boasted, only 48%. I have read enough about Denmark today to convince me the people are happy with their lifestyle and rules.

 

LET ME SHARE SOME FACTS TO PONDER

Denmark is a constitutional monarchy. I suppose that is why our President is so enthralled with changing America into a European democracy and his love for Denmark. He can become the first “King” of America.

Political life in Denmark is orderly and democratic. Political changes occur gradually through a process of consensus, and political methods and attitudes are generally moderate. Growing numbers of immigrants and refugees throughout the 1990s, led to over a decade of growing support for anti-immigrant and already-tight immigration laws, the latest revision taking effect August 10, 2009. However, the left-of-center government that took office October 3, 2011 has indicated it will seek to ease immigration requirements. Sounds like what happened here when Obama and Holder took power.

The Social Democratic Party is a well-organized labor movement but today appealing more broadly to the middle class, held power either alone or in coalition for most of the postwar period except from 1982 to 1993. That was the time frame of my visits. Then the Danish People’s Party was a key factor in bringing into power a new minority right-of-center coalition government today led by Liberal Party chief Anders Rasmussen. Sounds familiar and fits Obama’s dreams of a world order someday. At least the Marxist are not there, yet.

The judicial branch consists of 22 local courts, two high courts, several special courts (e.g., arbitration and maritime), and a Supreme Court of 15 judges appointed by the crown on the government’s recommendation.

Denmark is divided into five regions and 98 municipalities. The regions and municipalities are both led by councils elected every 4 years, but only the municipal councils have the power to levy taxes. Regional councils are responsible for health services and regional development, while the municipal councils are responsible for day care, elementary schools, and care for the elderly, culture, environment, and roads. Total government control, the Socialist dream for America.

Danes are proud of their welfare safety net, which ensures that all Danes receive basic health care and need not fear poverty. The portion of working-age Danes (16 to 66-year-olds) that are living on government welfare is 24% (2010). Health care, other than for acute needs, and care for the elderly and children has suffered. About one-third of the labor force is employed in the public sector. Can you imagine America if over 100,000,000 worked for a government? On second thought if we count the ones who don’t work and live off of the government, we likely exceed one third of the population.

Now look at how they pay all of this Socialist happiness; 

a) Everyone pays a flat 8% Social Contribution tax.

b) If you make over 42,900 Dkk ($7559.44 US dollars) you have municipal taxes range from 23% – 28%, Health tax 8%, Base state tax 3.76%.

c) If you make over 389,900 Dkk ($66,673.26 US dollars) you have the same 23-28% municipal tax and the 8% health tax but your state tax rate is 15%. The maximum rate for these taxes cannot exceed 51.5%, 51.5 + 8 = 59.5%.

How do you like them apples???????????????????? Well there is more and Denmark has a non-deductable Value Added Tax (VAT) that we have so far avoided in America. This tax is applied every time something changes hands. It is only 25%. If you are unfamiliar with a VAT tax, you best get acquainted as this will be the next method to squeeze more out of everyone and will just make the poor people poorer.

Denmark also has mandatory military service (includes things like our Peace Corps, etc.) for the fit and able. I bet the “Occupy our Cities” bunch would love this. This why Denmark does not have the civil unrest and fewer prisons than we do. If we had the same rule in America we could have the peace and prosperity we used to enjoy. Here we just pay people not to work to gain their votes so they can use crime to enhance their welfare.

Denmark is about the size of New Hampshire and Vermont combined and with some 5.5 million citizens is nearly 3 times the number we have in these two states. 

It is a great place to visit but would you want to live there? One thing is certain; if the “Occupiers” applied for political asylum they would be denied. Maybe Obama will use his pied pipe and lead these other unhappy Socialist somewhere else. It would be easier to establish his Kingdom in Africa where there is a lot more space and he could be happy. He already has family ties there and the boys even look like they could be his sons.

C Brewer

TAXES-WILL THIS WILL BALANCE THE BUDGET?

 

I believe this will be the bi-partisan solution soon.  CB

Current European tax rates:
 
United Kingdom     
  Income Tax:  50%    
    VAT:  17.5%   TOTAL:  67.5%
 France      
  Income Tax:  40%    
    VAT:  19.6%   TOTAL:  59.6%
 Greece      
  Income Tax:  40%    
    VAT:  25%      TOTAL:  65%
Spain      
  Income Tax:  45%    
   VAT:  16%      TOTAL:  61%
Portugal    
  Income Tax:  42%    
    VAT:  20%      TOTAL:  62%
Sweden      
  Income Tax:  55%    
    VAT:  25%      TOTAL:  80%
Norway      
  Income Tax:  54.3%    
    VAT:  25%      TOTAL:  79.3%
Netherlands      
  Income Tax:  52%    
    VAT:  19%      TOTAL:  71%
 Denmark      
  Income Tax:  58%    
    VAT:  25%      TOTAL:  83%
 Finland    
  Income Tax:  53%    
    VAT:  22%      TOTAL:  75%

 

If you’ve started to wonder what the real costs of socialism will be when fully implemented take a look at these taxes. As you digest these mind-boggling figures, keep in mind that in spite of these astronomical tax rates, these countries are still not financing their social welfare programs exclusively with tax revenues! They are deeply mired in public debt of gargantuan proportions.  Greece has reached the point where it’s debt is so huge it is in imminent danger of defaulting. That is the reason the European economic community has intervened to bail them out.  If you’re following the financial news, you know Spain and Portugal are right behind Greece .

 

The United States is now heading right down the same path. The VAT tax (Value Added Tax) in the table is the national sales tax that Europeans pay. Stay tuned because that is exactly what you can expect to see the administration proposing. The initial percentage in the United States isn’t going to be anywhere near the outrageous numbers you now see in Europe. Guess what… the current outrageous numbers in Europe didn’t start out as outrageous either. They started out as miniscule, around the 1% or 2% where they will likely start out in the United States. Magically, however, they ran up over the years to where they are now. Expect the same thing here.


It is the very notion that with hard work and perseverance,

anybody can get ahead economically here in the USA . Do you think that can ever happen with tax rates between 60% and 80%?  Think again. With the government taking that percentage of your money, your life will be exactly like life in Europe. You will never be able to buy a home. You will never buy a car. You will never send your children to college.

Let’s not shuffle the battle cry of the socialists under the rug either. It’s always the same cry. Equalize income. Spread the wealth to the poor (whoever they are). Level the economic playing field.  Accomplish that and everything will be rosy. It’s time to take a really hard look at reality.  Greece is a perfect example. Despite the socialism system that has ruled this country for decades, with a 65% tax rate, they are drowning in public debt, would have defaulted without hundreds of  billions in bailout money from the EU, and still. . .  20% of their population lives in poverty. What has all that socialism money bought, besides ultimate power for the politicians running the show? Do you think these people are “free”? 

They’re not.  They are slaves to their economic “system.” Instead of spreading the wealth around, spread this around, it might wake some people up for a change. 


 

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