Re: taxation Europe vs USA (was: Re: Weasels vs. transparancy / traffic cameras)

From: Michael S. Lorrey (
Date: Tue May 23 2000 - 09:54:14 MDT

Rob Sweeney wrote:

> * Michael S. Lorrey <> [000523 09:58]:
> > KPJ wrote:
> > > It appears as if Michael S. Lorrey <> wrote:
> > > |One thing that's different (I believe) between the US taxation system and
> > > |that in the UK is the state (and in some places local) tax component we
> > > |have. [..]
> > > You are in error.
> > > In the part of Europe called Sweden, the total of state, municipal and regional
> > > [...]
> > I did not say that.
> I did. You're right, we're not at Swedish levels - and may we never get
> there! The point I was trying to make was the difference in what the
> taxing entities are in the US - you can't just look at taxation by the
> Federal government because in many parts of the country there's a signifigant
> layer of state and local-level government, and hence taxation, too.
> Some parts of Europe have a similar situation as you describe.

Living in a no-income tax state, this is all academic for me, but from my Vermont
freinds I understand that state income tax is deductible from your federal income tax.
Is this or is this not true? If it is, then state income tax has no effect.

Mike Lorrey

This archive was generated by hypermail 2b29 : Thu Jul 27 2000 - 14:11:34 MDT