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by Wytwwww
912 days ago
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> higher than most of the world* including most European I'm not sure that's true in general. e.g. at around 300k the effective income tax rate in CA is ~34% (26% + 8.0% state) +5% (SS etc.) = 39%. That's quite low by European standards, if you go down to 150k the total is just 35%. In Germany for instance you'd already be paying ~42% on 100k Anyway, that wasn't my point at all, I'm just unsure how politically feasible it would be to accomplish this on the federal level. > European Socialist Democracies There is not a single country in Europe left which would describe itself as a "socialist" democracy (thankfully most of them collapsed around ~1990). |
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Sure, every so often, someone publishes an article about how to balance the federal budget and it always comes down to neither being a republican nor a democrat. And that's why it won't happen. Compromise is dead.