Thursday, July 16, 2009

The income tax surcharge should not be government funds for the health of the expansion


Congress obviously result in higher taxes at least $ 540 billion over 10 years President Obama health care through the "student" at the summit of the highest taxed differently.

This should be reflected in a quiet President Obama's claim plausible that the expansion of government health care benefit to save money, because the policy, the nicht money often painful tax increases their CO àcompenser ª.

The latest proposal to introduce a surcharge on income between one and 5.4 percentage points for families and small businesses earning more than $ 350,000. This new tax regime on the other hand, increased the U.S. the highest values of the industrialized world, so that the devastation and economicn tow. The Congress musshat seriously the consequences of this policy.

It creates a KasKade surcharge of progressive

As part of the Chamber of Deputies of the plan familierss and small businesses benefit of $ 350,000 and $ 500,000 per year to pay a fee of one percentage point above the high income tax. The between $ 500,000 and 1 million U.S. Dollar will be a surcharge of 1.5 percentage points, those who have more than 1 Mio.Löwe $ 5.4 percentage points to win.

Currently, over 35 percent. But in his budget, President Obama has proposedeschlagen, both from the income tax of 33 and 35 to 36 percent and 39.6 percent. Families in the top 20 percent of revenue and 943 ehrcent pay income tax for families with moderate incomes. [1] The new surcharges, which stretches along the high-income progressivityte to increase the range of taxes and the Disparitätzwischen in families with low incomes and families with high incomes.

Moreover, the impact could be even higherIf in some countries the law is not achieved and in 2012. In this case, 1 and 1.5 percentage points Surcharges 2 a.m. to 3 p.m. percentage points. Therefore, if all proposals amorfoa "kink in the curve is not guaranteed outThen - Presto! - If the award. The Congress must ensure that the national economy by the Bank prior to rush headlong into a new out of the reach, the right to [2] .

Rate higher than in France

Bedrohung is promising to raise taxes is a sure sign that the reform of health care errors, and it was stressed that the collection of taxes at the time considered among the economically perjudicial Congress could.

United States and the rates are already among the highest among industrialized countries. The average of the maximum rate of income tax for the countries of the Organization for Economic Cooperation and Development (OECD) is currently being used by 42 percent. (The OECD is an association of more than 30 countries, the economically developed in the world.) USA, the average is higher - to the principle of duty shold Federal income, and the State and local taxes on the income Medicare taxes - is now 42 hundred. These include the current top 35 percent of the federal government, more of the average rate in the 50 states (including taxes on income and local) and from 2.9 percent Medicare tax. He is also the Federal Government and the federal deductions and other adjustments.

But if the Obama Presidentand proposal raises two marginal income tax becomes law, the average jumped more than 47 percent. The würdedie rate higher than the average of the OECD and quefigurent as in Table 1, the high U.S. on an equal footing with Germany and Australia in the ª skip Canada, France and Italy.

Can this supplement of 5.4 Prozentpunkt would be an increase in the average tax rate is higher in the U.S. is even higher than 52 percent. [3] This rate is higher than that of Finland, Japan, Austria and the Netherlands, and higher than all three OECD countries: Denmark (60 percent), Sweden (56 percent) and Belgium (54 percent).

The increase in the marginal tax rate rates that in most European countries is a terrible way to the United States. The European countries have higher ofChronic use the United States and the continued decline in the growth rates. United States, the same problem if you are the traces of European countries - undschlimmer even if you have the amount of punitive taxation. In addition, this policy is wrong and the business unit of economic activity in the U.S. and other countries with low-tax nations.

Income from the skin in the upper

In the six teTATES away, in Oregon (11 percent higher income tax), Hawaii(11 percent), New Jersey (10.75 percent), New York (8.97 percent for), California (10.55 percent) and Rhode Iceland (9, 9 percent), the most important was higher than in Denmark, but all the countries of the OECD, whether the plan of Obama and the supplement to the law.

Under these higher taxes, families and small businesses with more than $ 350.000, in all enfrentan increase of 21 OECD countries - including France, Italy and Spain. Even the nine states without the tax revenuen to those who are higher than the socialist generation dieauch as a country with high taxes, punitive expedition. Taxpayers in all 41 states levy a tax on the income to pay a higher proportion of larger than all but seven of the 30 OECD countries.

AboutEtas terrifying rate on the income

High taxes increase incentives to punish

The increase in tax rates on people is particularly damaging for the economy, since these personsn erinnernt mesesNo productivity of our economy, as reflected in their income. They are also better in the answer to increasing the employment rate of less than compensate for their severe form of slightlytaxable activities along the coast, and an early retirement.

These are also the tax rates for the various forms of savings, which savings and investment on the one hand, on the other, the deformation of the saving and investment inmehr légèreImpôts less efficient.

Small businesses often pay taxes in the nature of the person, so that higher rate on the income of isa success of small businesses. The President of the Congress and its allies, has repeatedly - and rightly - as the praise for small businesses to create jobs and a great innovation in the economy, and they're right. But time and again during the year in politics and hatSonstige places, President Obama hthreatened at the small companies are lagging behind.

In the global race caHôpital the rates are higher than all but a few countries altaghest with more taxes for the ability of the United States for new investments, the entrepreneurs and companies. The tax on the income creates incentives for managing the business in Slovakia for example, with a top 19 percent income taxes on the income or the Czech Republic, 15 percent, compared with 45 percent, the lowest tax American.

A Menso that the United States the rate remains high compared to competitors, such as ee OECD, the seguiráa lose capital to countries with lower taxes. Less capital means fewer jobs and lower wages for workers.

Hiking taxes during a recession?

More harm WettbewerbsfähigkeitÖnal International, the surcharge will certainly aggravate the recession. Not just a school ofEconomic thinking calls to increase taxes or lastsnte recession threatens, in its wake. In order to increase the tax for most of recession in 70 years, is simply appalling.

The proposal impuestosprobablemente increase comes into force after 2010 but many expect that the economy continues on a small back up to 18 months from now. The surcharge even threaten with a low recovery for small businesses with an increase of taxes.

Moreover, the negative impact on the economy, rather than waiting until 2011. Small companies tend to plan investments, expansions and the recruitment of new years in advance. Learn that the tax rate in 2011 will immediately reduce corporate investment and long-term plan contratación.

General higher rates on small businesses and families with incomes fly on the economy in the workingportance of investing in U.S. Dollar momentto a high budget deficits that are already saving of absorption of the economy. This is achieved through the creation of jobs and less economic growth slows. [4]

The legislators argue that a surcharge of one to 5.4 percentage points too low to damage the business economy. Tired taxpayers should ask whether this is a case of the nose of the camel in the hut. Already existeuna determining theBill, lto the bottom to increase the load. How long will it take before the high too high? How much? For small companies, it is difficult to payroll in economically difficult times, will surely agree that these taxes are too small to be. Families with high incomes in May, more capable, the fee, but the negative impact on savings, investment and denuire into the world atodos.

Try the

Time for legislatorsr, the expansion unaffordably government. Over the past eight years, the legislature, a new Medicare Prescription Drug, has the budget for education by $ 700 billion U.S. dollar bailout financial and adopted a second "stimulus" draft a law that will cost 1 billion $ 1 - all at the top make in the context of social security, Medicare and Medicaid.

Adding another huge health of the nation right deepest hole dug financial sector. Add in the future the inclusion of debt, the EU tax enpliegues size and economic stagnation. Instead of dumping at the expense of taxpayers las recession, the legislators should tighten the belt and on compte health expenditure with other program reductions lower rank

No comments:

Post a Comment