European Taxes
You cannot simply add up the percentages, but it looks scary anyway.
Current European tax Rates
United Kingdom
Income Tax: 50% VAT: 17.5%
France
Income Tax: 40% VAT: 19.6%
Greece
Income Tax: 40% VAT: 25%
Spain
Income Tax: 45% VAT: 16%
Portugal
Income Tax: 42% VAT: 20%
Sweden
Income Tax: 55% VAT: 25%
Norway
Income Tax: 54.3% VAT: 25%
Netherlands
Income Tax: 52% VAT: 19%
Denmark
Income Tax: 58% VAT: 25%
Finland
Income Tax: 53% VAT: 22%
If you¹ve 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 you¹re 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
isn¹t going to be anywhere near the outrageous numbers you now see in Europe . Guess what. The
current outrageous numbers in Europe didn¹t start out as outrageous either. They started out as
miniscule - 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.
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. Let¹s not shuffle the battle cry of the socialists under the rug either. It¹s 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.
It¹s 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 info around. It might wake up some people.
Next
You cannot simply add up the percentages, but it looks scary anyway.
Current European tax Rates
United Kingdom
Income Tax: 50% VAT: 17.5%
France
Income Tax: 40% VAT: 19.6%
Greece
Income Tax: 40% VAT: 25%
Spain
Income Tax: 45% VAT: 16%
Portugal
Income Tax: 42% VAT: 20%
Sweden
Income Tax: 55% VAT: 25%
Norway
Income Tax: 54.3% VAT: 25%
Netherlands
Income Tax: 52% VAT: 19%
Denmark
Income Tax: 58% VAT: 25%
Finland
Income Tax: 53% VAT: 22%
If you¹ve 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 you¹re 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
isn¹t going to be anywhere near the outrageous numbers you now see in Europe . Guess what. The
current outrageous numbers in Europe didn¹t start out as outrageous either. They started out as
miniscule - 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.
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. Let¹s not shuffle the battle cry of the socialists under the rug either. It¹s 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.
It¹s 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 info around. It might wake up some people.
Next
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