Wednesday, March 31, 2010
The next time you meet a big government liberal who claims that Americans are lightly taxed by some imaginary yardstick, trot out the taxes-per-person metric. It will irritate them no end.
But does it include all taxes in order to be apples to apples.
Much of these studies forget that we have all sorts of state and local taxes -- don't forget real estate.
Also, our current healthcare system already has a big cross-subsidy from private to public. Learned that from JpMcT here. It's not small and probably adds 2-3% or more to the all-in rate.
As Brad Delong points out, by this logic, North Korea is a low-tax country.
As I return from vacation, I find that my Medicare billings will be held for the first ten days of April...in the HOPE that the Congress can reverse the April First 22% reduction in fees that is, in turn, based on defective arithmetic in some bill long passed but never corrected.
Guys, I don't NEED the government to tax me into oblivion...they are doing it quite effectively on the front end.
Of course...they will also take their big bite on the other end as well.
Much like the French, the Brits, the Germans and the Greeks...at some point it makes more sense just to stay home.