Posted on 05/03/2018 6:16:46 AM PDT by blam
Last week, the OECD released the latest edition of its "Taxing Wages" report which focuses on the net personal average tax rate in different nations. It takes into account income tax and social security contributions paid by employees without family benefits as a share of gross wages. Last year, the average share of gross wages paid in tax across the OECD was 25.5 percent. There is a considerable difference in tax rates between countries and they are heavily dependent on earnings and family status.
A single worker in Germany will face a high combination of income tax and social security payments that will account for just under 40 percent of his or her gross earnings. Despite that, Germans do get something back such as health insurance, pensions, old-age care and unemployment benefits. In Italy, the break down is 21.7 percent for income tax and 9.5 percent for social security, adding up to 31.2 percent in total. The U.S. trails with 18.4 percent for income tax and 7.7 percent for social security making for 26.1 percent of gross earnings in total.
(Excerpt) Read more at statista.com ...
What percentage of that goes to their new muzzie chums?
Sorry. I find this hard to believe.
"I have no issue with paying taxes and whatever needs to be done for my country to grow. I believe very firmly that my ability to sit here — I'm a black man who didn't go to college, yet I get to travel around the world and sell my movies, and I believe very firmly that America is the only place on Earth that I could exist. So I will pay anything that I need to pay to keep my country growing. . . .
Interviewer: [Under the new French President Hollande's proposal] Do you know how much tax you have to pay for incomes of one million Euros and above?
Very misleading data. Most western countries have so called “progressive” tax rates, where higher income earners pay a higher rate. In Canada the total federal/provincial tax burden can range from under 20% for low income, to almost 55% for higher income earners.The “average” tax rate for even high income earners is usually less than 50% of gross income, as the top marginal rate doesn’t kick in until you’re over $200,000 and in some provinces $250,000. It’s still a very regressive, job killing tax regime.
Denmark isn’t on there?
I thought in the US the SS tax is about 6.1 percent with another 6.1 percent paid by the employer (so in actuality you pay it because it’s an overhead cost) - and if you’re self - employed you must pay the entire 12.2 (or so) amount.
So really the USA is third, over 30 percent. At least we don’t have a VAT — though sales taxes and state income taxes also figure into the overall tax picture.
And, as long as we're enumerating taxes, there is also state and local, essentially-tax user fees, real-estate, excise, sales...
We are being taxed at or damn close to the rate levied on the workers who built the pyramids.
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I thought in the US the SS tax is about 6.1 percent with another 6.1 percent paid by the employer (so in actuality you pay it because it’s an overhead cost) - and if you’re self - employed you must pay the entire 12.2 (or so) amount.
So really the USA is third, over 30 percent. At least we don’t have a VAT — though sales taxes and state income taxes also figure into the overall tax picture.
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Anyone ask any of our ‘betters’ (they won’t seem to let me through the door):
As slavery is outlawed (aka taxes @ 100%), where does slavery BEGIN? How much of MY life is owned by govt (to give to another)??
So Germany can afford to take millions of Muslims to their ample bosoms. They must not have translated Pres. Trump’s favorite poem, “The Snake,” into German.
We have to pay to protect all the countries that spend their defense dollars on free health care
6 week vacations.
Last I checked Sweden’s tax rate was 85%
I only get 5 1/2.
Why doesnt Germany just BORROW the $$$ for all those services like the US does?
And I have said it before, numerous times......when I worked in the NHS in Britain, I was making PEANUTS and my tax bite was 50%. This was in the mid-80’s. I DOUBT the tax brackets have changed that much!
Personally, I think the borrowed money should be included in those taxes.
If our taxes paid for our national spending then they would be higher than taxes in Germany.
Fortunately the US’s credit it limitless.
The grafic itself clearly refutes the headline. Whoever wrote that headline must be an imbecile.
Income tax is gone. Social security comes back later (all, less, or more, depending on longevity) in the form of a pension.
I tell people all the time - if the government is taxing you (in total) anything over 50 percent, then you are working for the government. Thinking you work for yourself at that taxation level is folly.
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