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Re:The Pension Hole for U.S. Cities and States Is the Size o... by ars on Monday July 30, 2018 @05:43PM (#17648355)
I didn't realize US taxes were so high in comparison to other countries.

You are looking at the wrong table. Look at the next table instead and see just how high the US is relative to other countries.

The only thing we don't tax is goods, but that's to help lower income people - the same people you want to help.

Re:The Pension Hole for U.S. Cities and States Is the Size o... by sykhic on Monday July 30, 2018 @05:53PM (#17648457)
The next table (the one below, right?) shows only the relative percent of where taxes come from. It does not describe tax rates. It merely states that around 50% of U.S. tax revenue come from taxing income and profits. This is not the tax rate on that source.
Re:The Pension Hole for U.S. Cities and States Is the Size o... by ars on Monday July 30, 2018 @08:40PM (#17649620)
> The next table (the one below, right?)

Yes.

> shows only the relative percent of where taxes come from. It does not describe tax rates.

I know. But if the US is to raise rates they would raise them on Goods and Services, not on income because the tax is already very heavily skewed toward income.

And regardless of that, the breakdown alone shows that the US tax code is more progressive than other countries.

Re:The Pension Hole for U.S. Cities and States Is the Size o... by rayiner on Monday July 30, 2018 @06:02PM (#17648534)
You raise the other really important consideration, which is that if we were to raise taxes to the same levels as Germany or Sweden, taxes wouldn't go up on rich people and corporations: https://taxfoundation.org/how-scandinavian-countries-pay-the.... The top marginal tax rate for someone in California, even with the Trump tax cuts, is similar to someone in Sweden. The difference is that in the U.S., the 50%+ rate kicks in around $500,000-1,000,000 HHI, while in Sweden it kicks in at the equivalent of around $100,000 HHI. Sweden collects as much revenue from its 25% VAT, which is enormously regressive, as from income taxes.
Re:The Pension Hole for U.S. Cities and States Is the Size o... by adventured on Monday July 30, 2018 @06:11PM (#17648607)
The US middle class is entirely oblivious to how extraordinarily low its taxes are. Despite having one of the highest disposable income levels on earth, it somehow manages to blow all of its money on consumer crap from China, $300/month cell phone plans, $200 DirecTV plans, etc., instead of saving it. That's despite the US having a lower cost of living than Germany and France.

All the right politicians bleat about lowering taxes - you really can't, the rich are already paying for everything as it is now, we can hardly get more progressive (on income taxes at least). You can't lower taxes on the bottom 75%, it's just pandering. The left bleats about the well-off not paying their fair share, somehow paying for nearly everything isn't a fair share. They're both wrong as usual. More plausibly, to pay for ballooning entitlement costs, infrastructure, expanding healthcare, etc. taxes need to go up on everyone.