The Highest Taxes in the World (ZT)

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The Highest Taxes in the World

Below is only part of the article written by David Seaman Posted March 10, 2010 (http://www.mainstreet.com/slides ... highest-taxes-world) :


Here’s a rundown of countries’ average "all-in" income tax rates by family type, from the Organisation for Economic Co-Operation and Development. Data is for the year 2008, the most recent numbers available from the organization.

UPDATE: The Comment Board is lighting up over this article so we want to be perfectly clear. These rankings and the rates we calculated by the OECD - The Organisation for Economic Co-Operation and Development - here's the full study, and a link to the particular data set we used.  These stats represent "all in" contributions, not just federal taxes... "The all-in tax rate, calculated as the combined central and sub-central government income tax plus employee social security contribution, as a percentage of gross wage earnings."


#16: Ireland

Income tax rates:
Single, no child: 14.6%
Single, two children: 9.4%
One-earner married couple, no child: 9.4%
One-earner married couple, two children: 6.7%

Average Income Tax: 10.02%


#15: Czech Republic

Income tax rates:

Single, no child: 23.6%
Single, two children: 15.7%
One-earner married couple, no child: 14.4%
One-earner married couple, two children: 6.6%

Average Income Tax: 15.08%

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#14: United States

Income tax rates:

Single, no child: 24.7%
Single, two children: 15.0%
One-earner married couple, no child: 20.0%
One-earner married couple, two children: 11.3%

Average Income Tax: 17.75%

#13: Japan

Income tax rates:

Single, no child: 20.3%
Single, two children: 17.6%
One-earner married couple, no child: 18.9%
One-earner married couple, two children: 16.5%

Average Income Tax: 18.32%

blueocean

#12: Canada

Income tax rates:

Single, no child: 23.4%
Single, two children: 17.2%
One-earner married couple, no child: 19.1%
One-earner married couple, two children: 17.2%

Average Income Tax: 19.23%


#11: Iceland

Income tax rates:

Single, no child: 24.5%
Single, two children: 24.5%
One-earner married couple, no child: 14.5%
One-earner married couple, two children: 14.5%

Average Income Tax: 19.5%

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#10: Australia

Income tax rates:

Single, no child: 22.6%
Single, two children: 22.6%
One-earner married couple, no child: 19.1%
One-earner married couple, two children: 22.6%

Average Income Tax: 21.73%


#9: France

Income tax rates:

Single, no child: 27.8%
Single, two children: 22.5%
One-earner married couple, no child: 23.9%
One-earner married couple, two children: 21.9%

Average Income Tax: 24.03%

blueocean

#8: Italy

Income tax rates:

Single, no child: 29.3%
Single, two children: 24.3%
One-earner married couple, no child: 26.7%
One-earner married couple, two children: 21.9%

Average Income Tax: 25.55%

#7: Greece

Income tax rates:

Single, no child: 26.3%
Single, two children: 25.5%
One-earner married couple, no child: 27.4%
One-earner married couple, two children: 26.6%

Average Income Tax: 26.45%

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#6: Finland

Income tax rates:

Single, no child: 30%
Single, two children: 30%
One-earner married couple, no child: 30%
One-earner married couple, two children: 30%

Average Income Tax: 30%


#5: Austria

Income tax rates:

Single, no child: 33.9%
Single, two children: 32.2%
One-earner married couple, no child: 33%
One-earner married couple, two children: 32.2%

Average Income Tax: 32.83%

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#4: Germany

Income tax rates:

Single, no child: 42.7%
Single, two children: 32.1%
One-earner married couple, no child: 33.2%
One-earner married couple, two children: 24.1%

Average Income Tax: 33.02%


#3: Belgium


Income tax rates:

Single, no child: 42.5%
Single, two children: 39%
One-earner married couple, no child: 33.8%
One-earner married couple, two children: 31.3%

Average Income Tax: 36.65%

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#2: Denmark

Income tax rates:

Single, no child: 40.9%
Single, two children: 40.9%
One-earner married couple, no child: 35.6%
One-earner married couple, two children: 35.6%

Average Income Tax: 38.25%


#1: Hungary

Income tax rates:

Single, no child: 38.3%
Single, two children: 38.3%
One-earner married couple, no child: 38.3%
One-earner married couple, two children: 38.3%

Average Income Tax: 38.3%

Poo

from this perspective, US is best value

blueocean

Tax-wise, Canada is not bad as well, only US shows more children welcome.

quickcow

Canada should give more break to families with more-than-one children.

blueocean

US, according to projections by the Tax Policy Center, a Washington research organization, "about 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability."
"In 2007, about 38 percent of households paid no federal income tax, a figure that jumped to 49 percent in 2008".

----  "Nearly half of US households escape fed income tax" by Stephen Ohlemacher, Associated Press Writer, On Wednesday April 7, 2010, 5:38 pm EDT  At finance.yahoo.com