Monday, December 8, 2008

The Rich Already Pay Their Fair Share of Taxes.

The richest 1% of tax payers pay 40% of taxes. We know that large percent of the pecent of the riches 1% pay are "new rich" from the income mobility data.

The tax rate for individuals in the United States is 15-35%. In Netherlands the tax rate for the indiviual is 52%. In demark the tax rate for indiviuals is 38-59%.

VAT- Value Added Tax
VAT is a tax levied on the difference between a comodity's price before taxes and its cost of production.