*Rioting in France, a must read for all of us...........* *They are rioting in France this morning because they are so mad about their retirement age going from age 60 to 62** ** Current European tax rates: * *United Kingdom* Income Tax: 50% VAT (Value Added Tax): 17.5% TOTAL: *67.5%*
*France* Income Tax: 40% VAT: 19.6% TOTAL: *59.6%* *Greece* Income Tax: 40% VAT: 25% TOTAL: *65% Spain* Income Tax: 45% VAT: 16% TOTAL: *61% * *Portugal** *Income Tax: 42% VAT: 20% TOTAL: *62% Sweden* Income Tax: 55% VAT: 25% TOTAL: *80% Norway* Income Tax: 54.3% VAT: 25% TOTAL: *79.3% Netherlands* Income Tax: 52% VAT: 19% TOTAL: *71% Denmark* Income Tax: 58% VAT: 25% TOTAL: *83% Finland *Income Tax: 53% VAT: 22% TOTAL: *75%* *If you've started to wonder what the real costs of socialism are going to be, once the full program in these United States hits your wallet, take a look at the table above. As you digest these mind-boggling figures, keep in mind that in spite of these astronomical tax rates, these countries are still not financing their social welfare programs exclusively from tax revenues! They are deeply mired in public debt of gargantuan proportions. Greece has reached the point where its debt is so huge it is in imminent danger of defaulting. That is the reason the European economic community has intervened to bail them out.* *If you're following the financial news, you know Spain and Portugal are right behind Greece .* *The United States is now heading right down the same path. The VAT tax on the table, (currently called a "Transaction Tax") is the national sales tax that Europeans pay. Stay tuned because that is exactly what you can expect to see the administration proposing after the fall elections. The initial percentage in the United States isn't going to be anywhere near the outrageous numbers you now see in Europe . Guess what, the current outrageous numbers in Europe didn't start out as outrageous either They started out as miniscule right around the 1% or 2% where they will start out in the United States . Magically however, they ran up over the years to where they are now. Expect the same thing here.* *It is the notion that with hard work and perseverance, anybody can get ahead economically here. Do you think that can ever happen with tax rates between 60% and 80%? Think again. * *Let’s not shuffle the battle cry of the socialists under the rug either. It’s always the same cry. Equalize income. Spread the wealth to the poor (whoever they are). Level the economic playing field......................... Accomplish that and everything will be rosy. Its time to take a really hard look at reality. Greece is a perfect example, they are drowning in public debt, would have defaulted without hundreds of billions in bailout money, and still . . . 20% of their population lives in poverty. What has all that socialism money bought, besides ultimate power for the politicians running the show? Do you think these people are "free"? They're not. They are slaves to their economic "system." This is where we are going unless we throw the present Congress and administration out.* *Instead of spreading the wealth around, spread this around.* *It might wake some people up.* *Permission is granted to share.* However, please remove my name before forwarding. Should you not be able to delete my name, please do not share with others*. THANK YOU. * *I believe in God as being creator of all and pray he continues to Bless America, our Troops & Our Allies** * *To continue being one nation under God and to keep our freedom, continue reminding your local and Federal representatives. especially the newly elected.* -- USE INCREDIMAIL ONLY IN THIS GROUP NO NUDITY ALLOWED
