Most developed western countries have a progressive income tax? But America?
Most western countries have progressive tax rate (charging as much as 50+% on income over $100,000 per year. For most earners it’s about 20 to 27% for earnings up to that threshold.
Income tax in Asia varies significantly by country, ranging from 0% in tax-friendly nations like Brunei to over 40% in high-tax jurisdictions, with most countries using a progressive system. Key hubs like Singapore and Hong Kong offer low rates, while China and India have higher, multi-tiered rates (up to 45% and 30%+ respectively).
In Africa? varies significantly by country, with South Africa having one of the most developed systems, featuring progressive personal rates from 18% to 45%. Top corporate tax rates generally hover around 27%-30%, while countries like Chad, Ivory Coast, and Zimbabwe are among the highest taxed Therefore America is an oligarchy Please see attached images for more detail. United States each state has its own state income tax; 7 states have no state income tax The federal income tax is charged in addition to state income taxes and is simplified as follows Tax Brackets (2025/2026): The seven rates are 10%, 12%, 22%, 24%, 32%, 35%, and 37%. For single filers, the 10% rate applies to income up to $11,925, while the top 37% rate applies to income over $609,350.
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@Diotrephes if the U.S. wants to pay its debt it’d be wise to take lessons from the rest of the world progressive taxation up to 50+% on income over a certain amount. Otherwise money simply rises to the top. Trickle down is a scam.
@Diotrephes Seems federal Income tax is spent on foreign affairs more than any other budget item. Perhaps Americans would be better off without that additional tax burden?
if the U.S. wants to pay its debt it’d be wise to take lessons from the rest of the world progressive taxation up to 50+% on income over a certain amount. Otherwise money simply rises to the top. Trickle down is a scam.
The national debt is a vital part of the financial system. It provides a solid base of guaranteed interest income to individuals and institutions. It is a cornerstone of the financial system that lots of other countries may not have.
@Diotrephes and America’s debt increases about $3 billion per day from interest rate on the roughly 38 trillion dollars in federal debt alone 75% of the debt was created by military spending in foreign wars. The lesson is to do better spend less and focus on domestic priorities.
@jehova no, that amount used to represent savings and liquidity in global market markets. Now the global population refuses to enable US wars, they're finding other places to put their wealth, besides dollars.
@Roundandroundwego yes that’s a relatively new change. Well overdue. So the point is America needs to stop spending and start paying its bills. No one is putting much faith in a chronic debt dodger. Plus our current president is a known fraud and bankruptcy practitioner
@jehova the global community would love it if the USA printed dollars for sustainable infrastructure including housing and transportation for itself! But that's politically impossible for fascists like the mainstream USA! You could have had a free lunch, but the wars were a deal breaker!
@Roundandroundwego yea and aged out personnel from medical and educational to political and familiar. The next generation cannot afford to have kids bc of the situation we are left with but war funding continues.
