What a GREAT show, when Charlie Sykes talked to Adam Shepard, the author of „Scratch Beginnings: Me, $25, and the Search for the American Dream”

Amazon.com about the book:
“Is the American Dream still alive or has it, in fact, been drowned out by a clashing of the classes? Is the upper class destined to rule forever while the lower classes are forced to live in the same cyclical misery? Millions of Americans fight for the answers to these questions every day, and here, in Scratch Beginnings, one man makes the attempt at discovering the answers for himself. Carrying only a sleeping bag, $25, and the clothes on his back, and restricted from using his contacts or his education, Adam Shepard sets out for a randomly selected city with one goal on his mind: work his way out of the realities of homelessness and into a life that will offer him the opportunity for success.”
Title: Scratch Beginnings
Author: Adam Shepard
Publisher: SB Press
ISBN: 978-0-9796926-0-4
240 pages/trade paperback
Retail Price: $13.95
Here in Germany there is the always ongoing discussion about the social program ‘Hartz IV’, poverty and on higher taxes for the middle class and the riches. There is a lot of envy, too. The far left party “Die Linke” continues to succeed and to gain more and more votes in regional elections and has already 53 from 612 seats in the Bundestag (German parliament).
The average tax rate in Germany is more than 38% (Einkommensteuer) of the income (it ranges from 0% for up to 7.700 Euro income per year to 42% for more than 52.000 Euro income per year), we pay for health insurance about 13,5 % of the income, plus we pay for the pension insurance, plus we have a sales tax of 19%. Health insurance and pension insurance payments don’t count for the graduated income tax rates. Completing the tax declaration is a very complicated procedure if you have different sources of income and a family for example. Btw, I don’t know if I have these % numbers right, I was looking them up with Google, so you better don’t rely on them.
A few years ago I started my own business but now I’m financially almost broken. Nevertheless I deeply do believe in the “American Dream” – and I’m going to start all over again.
© Petr Mašek - Fotolia.com


2 responses so far ↓
1 cole // Mar 12, 2008 at 10:51 pm
http://www.truthandpolitics.org/top-rates.php
good chart shows the top marginal rate in the UNITED STATES, long term history of the rate.
In many states the top state rate is 10-12 percent
but you may be able to deduct it so call it 6-8%
social security is about 12.5% of the first 100,000
employer pays 1/2 but in reality the employee pays it all.
medicare for the elderly is 2.9% 1/2 paid by each employee/ employer. No maximum.
For example if Tom Cruise makes a movie and earns 10 million , in theory 2.9 million is deducted to pay for medicare insurance for tom cruise. (insurance for the elderly). Of course tom is not that popular now…
In total a self employed person can easily pay 60% here. in 2008. Next year it could go up 7% under the future president..
2 Füchsin // Mar 26, 2008 at 12:36 am
Nachtrag: Hier ein Interview mit Adam Shepard:
http://www.csmonitor.com/2008/0211/p13s02-wmgn.html
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