Word: taxing
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...amazing power of free enterprise [Nov. 2]. If the government would get out of the way, the private sector would pull the state from the abyss and toward a real recovery. Tragically, however, state and federal officials, beginning with taxer in chief Governor Arnold Schwarzenegger, will continue to tax companies out of business and delay recovery in the Golden State. Dale Williams, Willow Park, Texas...
...UCLA said the cuts are significant. "Upper division classes that once had 30 students now have 80 or 100 students and there are no teaching assistants. Professors are giving true-false, multiple choice Scantron exams." Nicole Garner, a fourth year at UC Riverside, blames the state's famous tax revolt for the university's financial troubles. "Proposition 13 has to go," Garner said...
...Minister Rashid Nurgaliyev announced a series of measures aimed at combating graft and weeding out officers prone to violent abuses. The measures include tightening psychological screening standards for new hires, improving transparency when dealing with the media and forcing police officers and their relatives to submit copies of their tax papers in order to keep tabs on any assets gained in illicit ways. "Every day I ride to work and see what kind of cars our employees are driving these days," Nurgaliyev told Russian lawmakers in October. "You can't even imagine it. There's no way many of these...
What about the U.S. tax system? How does it compare to Europe's? The U.S. tax rate is at the low end of the European scale. The big difference is we have no national VAT, or value-added tax. We rely on income and property tax for revenue, and our corporate tax is higher than that of most European nations. And yet our system is very progressive. Rich Americans pay a larger share of their income in taxes than the richest Europeans do. We have a low absolute level of taxation, but it's progressive by European standards...
...average European pays a much higher percentage in overall budget every time they buy something, but European governments give it back in the form of social benefits. American social benefits tend to be limited to the poor, so there's a much clearer [wealth] redistribution through the tax system than there is in Europe...