The following lengthly excerpt comes from the
Daily Caller article here. You all need to read it:
Excerpt:
Under a European-style tax system, single U.S. workers making $40,000
per year would see a $6,000 increase in income tax, a Heritage
Foundation report published Sunday shows.
Single workers making $40,000 per year in
Europe
pay an average tax rate of 43.8%, leaving them with only $22,467 left
in personal income after taxes, while single workers making the same
amount in America pay an average tax rate of 28.5%, leaving them with
$28,352 in personal income after taxes,
according to the study published by the Washington, D.C.-based conservative think tank.
In Belgium and Germany, workers who make around $40,000 in income pay
average tax rates of 50.6% and 50.2%, respectively, meaning they return
more than half of every dollar earned to the government, the study
notes.
If the U.S. implemented European-style entitlement programs like Medicare for All, free college, guaranteed jobs and paid
family
and medical leave, it would also have to increase