For now, US doesn't seem to have it too bad compared to other countries around the world.
A few surprising facts. France, Germany and Belgium may as well be called communist countries. Income tax rate of roughly 50%~55%. That's beyond the limit to what can be called socialism, IMO. Russia (though not on the table) has 13% rate of income tax (found it out on wikipedia). Irony!~
Now who can say Russia is against capitalism!
http://moneycentral.msn.com/content/Taxes/P148855.asp