2016 Postmortem
In reply to the discussion: Hillary Clinton is now campaining against Single Payer health insurance [View all]DFW
(54,338 posts)Let income taxes rise, more on the top end, of course, but please, no VAT on top of local sales taxes. The farther away the federal government stays from that idea, the better! I also agree that the space needs to be filled in.
As an American living in Europe, I envy your tax status. Most European countries are very liberal about residence-based taxes. Where you live is where you pay taxes. In Germany, they want more than 50% from me (they think S-corp on-the-books income is real income and want to tax income I never received) plus the heavy US tax bill I get on income for the privilege of owning a US passport. It looks like my 2015 income tax will be an effective 75% unless I end up winning an argument or two, and with German bureaucrats who are always right, especially when they have no idea what they're talking about, it isn't easy.