SIDEBAR
»
S
I
D
E
B
A
R
«
Apr 10: What does a tax system say about a society?
Apr 9th, 2010 by Sam

It’s tax time, and the procrastinators are counting down the hours.  When we’ve sent in our tax returns, we can go back to arguing about whether they should be high or low; progressive or regressive; based on income, sales, property, or unearned income; national, state, or local.  We can argue about the economic impact of the tax system – do higher taxes reduce the pie (conservative belief) or could they actually increase the pie (one example, by creating an incentive for companies to put money back into the business thus fostering innovation).

But, tax systems vary from country to country- not only by the level of tax, but how they are structured.

  • Neither Saudi Arabia nor United Arab Emirates have personal income tax.
  • In France, large families pay much less in taxes than do couples or single people.
  • Mortage interest is deductible in the United States, thus heavily subsidizing home ownership at the detriment of renters or those who own their homes outright.
  • There is a church tax in Germany and much of Scandinavia.

How does our tax system reflect our values as a country? What about other countries?

The Samantha Clemens Show: What does a tax system say about a society?

SIDEBAR
»
S
I
D
E
B
A
R
«
»  Substance:WordPress   »  Style:Ahren Ahimsa