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russ_watters
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Most European countries have both significantly higher tax rates and significantly more services.amp said:Whats the name of that country over in Europe where most of everyones income goes to taxs but the Gov't provides universal healthcare, complete unemployeement insurance, free training to the unemployeed (I think), and a host of other services, is it Sweden or Switzerland ?
by Bell Curve, you mean IQ? It would help a lot.How about this, what if the average income per household(family) were $200,000 ? What do you think the Bell Curve would look like?
Not unless we somehow manufacture more money. The average is the sum total of all incomes divided by the number of families. Redistributing wealth does not change the average.Could the tax code be restructured so that such a redistribution could take occur?
Depends on how one chooses to define "poverty." Using income brackets, the poverty level is perpetually 20% by definition. It is interesting to see how the average or the limits of each income bracket has changed historically: http://www.census.gov/hhes/income/histinc/h0101.html . In 2002, for example, the upper limit of the bottom 5th was $17,900 while in 1967 it was $13,700 (inflation adjusted - 2nd table). Someone right on that line in 2002 was 23% "richer" than someone on that line in 1967.What would the poverty level be in such a case?
The Census Bureau actually uses a complicated formula for poverty, though it is based largely on income vs need (ie, poverty level is different if you have 1 child than if you have 2). http://www.census.gov/hhes/poverty/povdef.html is some info.
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