A new study finds that the U.S. collects a smaller share in taxes than most developed countries.
A look at 2010 data reveals that the U.S. is one of the least taxed countries in the Organization for Economic Cooperation and Development (OECD), according to a study released Monday by Citizens For Tax Justice.
The only countries in the OECD that collected a smaller percentage in taxes are Chile and Mexico, according to the data. The OECD is a group of 34 countries that work together to improve the global economy.
But Republicans will ride that Laffer Curve until taxes drop to zero and output reaches infinity.
(But 30 million inbreeds with negative Net Work still see it the Fox way! This is why it's so critical to blame the inevitable debt on Obama...)
BUFFETT: I RAN MONEY IN THE '60s WHEN THE TOP PERSONAL CAPITAL EARNED INCOME TAX RATE WAS 70%. I RAN MONEY WHEN THE CAPITAL GAINS RATE WAS 39.6%, AND I NEVER SAW ANYBODY LOSE INTEREST IN MAKING MONEY .CERTAINLY DIDN'T AFFECT ME, MY PARTNERS.PEOPLE PAID A LOT HIGHER TAXES IN THE PAST AND THE ECONOMY HAS DONE JUST FINE. WE HAD GREAT GAINS IN JOBS IN THE '50s AND '60s WITH TAX RATES FAR HIGHER THAN THEY WERE NOW.