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March 6, 2014

One More Reason

 
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Yesterday we wrote that the 6 percent who answered in a survey that they thought the U.S. has the best tax system in the world were wrong. Already today we have one more reason the 6 percent are wrong: The Tax Foundation released an analysis showing that the U.S. has the 9th highest top marginal tax rate on personal dividends compared to other countries in the OECD. So, in the U.S., you are highly taxed if you own a business, if you invest, if you save or if you earn income. And some people wonder why so many struggle to make ends meet? Figuring it out is not exactly an exercise in the advanced engineering of spacecraft.

 




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