“It was reported that more than 8,000 French households had tax bills that exceeded 100% of their income in 2012. This occurred due to a so-called ‘one-off levy’ imposed by the socialist president in an attempt to ‘offset’ previous tax breaks. Ouch. Contrast France with these 18 countries that have no personal income tax. When it comes to confiscating wealth, desperate governments know no limit – other than ‘what they can get away with.’ In other words, it is only pragmatic to assume that anything within a desperate government’s immediate reach becomes fair game.”
http://www.caseyresearch.com/articles/what-level-of-taxation-is-too-much
(Visited 37 times, 1 visits today)
Related posts:
Bill Bonner: Can the Fed's "Credit Cure" Really Work?
Ron Paul: New Fed Boss Same as the Old Boss
Covering Up the Katyn Massacre: Another Day at the Office for U.S. Presidents
Crony Capitalists: The Biggest Winners From President Obama's Re-Election
Bankruptcy Litigation Does Not Generate New Wealth
Edward Snowden: Master of Realpolitik
California Crashing
Tighter Gun Laws Will Leave Libertarians Best-Armed Of All
A Fiscal Lesson in Cyprus for Americans
Romney’s Neocons
Cypriot Banking Crisis – A Turning Point for Your Portfolio?
Cops held liable in SWAT killing of unarmed man; city blames jurors' racial bias
How to stop the FBI from reading your email
How Your Boss’ Prying Eyes Could Land You a Visit from the Feds
Omnipotent Government, Not Trump, Is the Problem