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Jeremy Barlow
Nomad Capitalist
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Comments by "Jeremy Barlow" (@jeremybarlow2291) on "Why Tax Deductions are Dumb" video.
US tax rates have been nearly halved since you started this channel. The evidence says precisely the opposite of what you do. The same holds true in a lot of high taxed countries in Europe where top marginal rates have been cut. The only people facing high rates in most of the developed world are workers suffering under high taxes for socials which outside of the US provide healthcare, daycare, K-Grad School education, and survivable safety nets during downturns. Safety nets which have made Sweden and Denmark the birthplace of Unicorns because entrepreneurs can fail easily and not suffer devastating poverty.
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@altneu8129 The UK slashed corporate taxes by north of $16 billion a year over the last decade. The average corporate rate in the EU fell by more than 0.2% which means that corporate rates overall have been cut. Are there countries that disregarded the trend. Yes, but even with those the trend is down. The corporate rate in the EU is the lowest it has ever been. Those are the facts. The US cut the corporate rate from 37% to 21%. During the last 2 decades the average corporate rate in Europe has been cut by 12%. The EU cut rates first and the US was a laggard with it's tax cuts. During the last 2 decades the corporate rate in Germany was cut by 27% and the top personal rate was reduced by 9%. Again these are the facts.
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