Wednesday, October 10, 2012

New Book: American ‘Rich’ Pay Bigger Share of US Taxes Than European Counterparts « The Greenroom

New Book: American ‘Rich’ Pay Bigger Share of US Taxes Than European Counterparts « The Greenroom: "the United States is actually more dependent on rich people to pay taxes than even many of the more socialized economies of Europe. According to the Tax Foundation, the United States gets 45 percent of its total taxes from the top 10 percent of tax filers, whereas the international average in industrialized nations is 32 percent. America’s rich carry a larger share of the tax burden than do the rich in Belgium (25 percent), Germany (31 percent), France (28 percent), and even Sweden (27 percent)."

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