OECD Corporate Tax Rates - Federal Plus Provincial/State, 2007 and 2008
Rank |
Country |
Corporate |
Corporate |
Change from |
1 |
Japan |
39.54 |
39.54 |
0.0 |
2 |
United States |
39.25 |
39.26 |
0.0 |
3 |
France |
34.43 |
34.43 |
0.0 |
4 |
Belgium |
33.99 |
33.99 |
0.0 |
5 |
Canada |
33.50 |
36.12 |
-2.6 |
6 |
Luxembourg |
30.38 |
30.38 |
0.0 |
7 |
Germany |
30.18 |
38.9 |
-8.7 |
8 |
Australia |
30.00 |
30.0 |
0.0 |
9 |
New Zealand |
30.00 |
33.0 |
-3.0 |
10 |
Spain |
30.00 |
32.5 |
-2.5 |
11 |
Mexico |
28.00 |
28.0 |
0.0 |
12 |
Norway |
28.00 |
28.0 |
0.0 |
13 |
Sweden |
28.00 |
28.0 |
0.0 |
14 |
United Kingdom |
28.00 |
30.0 |
-2.0 |
15 |
Italy |
27.50 |
33.0 |
-5.5 |
16 |
Korea |
27.50 |
27.5 |
0.0 |
17 |
Portugal |
26.50 |
26.5 |
0.0 |
18 |
Finland |
26.00 |
26.0 |
0.0 |
19 |
Netherlands |
25.50 |
25.5 |
0.0 |
20 |
Austria |
25.00 |
25.0 |
0.0 |
21 |
Denmark |
25.00 |
25.0 |
0.0 |
22 |
Greece |
25.00 |
25.0 |
0.0 |
23 |
Switzerland |
21.17 |
21.32 |
-0.1 |
24 |
Czech Republic |
21.00 |
24.0 |
-3.0 |
25 |
Hungary |
20.00 |
20.0 |
0.0 |
26 |
Turkey |
20.00 |
20.0 |
0.0 |
27 |
Poland |
19.00 |
19.0 |
0.0 |
28 |
Slovak Republic |
19.00 |
19.0 |
0.0 |
29 |
Iceland |
15.00 |
18.0 |
-3.0 |
30 |
Ireland |
12.50 |
12.5 |
0.0 |
|
OECD Average |
26.6 |
27.6 |
-1.0 |
The article does not mention the manner of computing effective tax rates. I suspect that the effective tax rate combines taxes on different kinds of income. I also suspect that payroll taxes are ignored. Medicare payroll taxes (unlimited) should be considered in the effective tax rate. The Medicare tax rate increases to 3.9 percent for high income individuals so the top marginal rate is 38.9 percent, not 35 percent. In addition, the Medicare payroll tax will apply to unearned income for high income individuals so the marginal tax rate on unearned income has increased to 18.9 percent from 15 percent.
This argument ignores the fact that most of the “rich” have no income. Their lawyers and accountants insure this.
I know several people with incomes pushing towards, or past, seven digits, and they’re laughing at all the arguments about taxes. They pay very little and are living fat.
The Middle Class pays almost all taxes. Historically, this is the way it’s always been, and probably will be since they seem incapable of recognizing reality.
Slowly boiling pot...meet frog.
$300k a year ain’t rich
ping