Tuesday, July 14, 2009

TAX OPPRESSION INDEX RANKS AMERICA IN BOTTOM HALF OF INDUSTRIALIZED NATIONS

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A thorough new study of 30 nations from the Institut Constant de Rebecque in Switzerland reveals serious shortcomings in America's tax system. The study, entitled "Tax burden and individual rights in the Organization for Economic Co-operation and Development (OECD): An International Comparison," creates a Tax Oppression Index based on three key variables: the overall tax burden, public governance, and taxpayer rights.

According to the researchers the United States is tied for 19th, behind the welfare states of Scandinavia.

The ugly news is that America has a very low rating for protecting taxpayer rights -- largely because politicians have tilted the playing field to favor the IRS, including the fact that taxpayers lose the presumption of innocence provided in the Constitution.

With President Obama promising to raise tax rates and increase the power of the IRS, it may just be a matter of time before the United States is competing for the world's most oppressive tax regime...

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