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Originally Posted by LivinLOS
America has one of the lowerest overall business and personal taxation systems.. Constantly ranks up there in ease and transparency rankings every year (HK is doing well recently)..
Compare to the Euro (holland) 60% deductions on wages for social taxes along with 25 - 35 % from the employer.. 21% sales taxes.. etc etc etc
The European social welfare states are collapsing under these systems as everyone finds its not 'worth' going to work to support the medical and social scammers..
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The 60% is only on the top income bracket, few people actually pay that