To: Ispy4u
This is what I found from the Library of Economics and Liberty
Marginal Tax Rates
by Alan Reynolds
http://www.econlib.org/library/Enc/MarginalTaxRates.html The marginal tax rate is the rate on the last dollar of income earned. This is very different from the average tax rate, which is the total taxes paid as a percentage of total income earned. The seemingly arcane topic of marginal tax rates became the central theme of a revolution in economic policy that swept the globe in the eighties. By the end of the decade, more than fifty nations had significantly reduced their highest marginal tax rates (most of which are shown in table 1). Neither Karl Marx nor John Maynard Keynes had so much influence on so many countries in so little time.
TABLE 1
Maximum Marginal Tax Rates on Individual Income
1979 1990
Argentina 45 30
Australia 62 47
Austria 62 50
Belgium 76 55
Bolivia 48 10
Botswana 75 50
Brazil 55 25
Canada (Ontario) 58 47
Chile 60 50
Colombia 56 30
Denmark 73 68
Egypt 80 65
Finland 71 43
France 60 53
Germany (West)56 53
Greece 60 50
Guatemala 40 34
Hungary 60 50
India 60 50
Indonesia 50 35
Iran 90 75
Ireland 65 56
Israel 66 48
Italy 72 50
Jamaica 58 33
Japan 75 50
Korea (South) 89 50
Malaysia 60 45
Mauritius 50 35
Mexico 55 35
Netherlands 72 60
New Zealand 60 33
Norway 75 54
Pakistan 55 45
Philippines 70 35
Portugal 84 40
Puerto Rico 79 43
Singapore 55 33
Spain 66 56
Sweden 87 65
Thailand 60 55
Trinidad and Tobago 70 35
Turkey 75 50
United Kingdom 83 40
United States 70 33
46 posted on
12/12/2003 10:41:59 AM PST by
HarleyD
(Bilbo, "When Sting turns blue it signals a RAT is near.")
To: HarleyD
So ours is 33 and theirs is 43?
I think I'm reading that right.
I'm still looking for the 60% number. There has got to be duckbite type taxes adding that up. We have to know what they are if we want to oppose them.
50 posted on
12/12/2003 10:44:58 AM PST by
Ispy4u
To: HarleyD
I should have mentioned that the downward tax trend (from 1970 to 1990) was reflective of an expanding economy. Tax rates after 1990 which are not represented in this table have increased. You may wish to go to the website for further info.
53 posted on
12/12/2003 10:47:24 AM PST by
HarleyD
(Bilbo, "When Sting turns blue it signals a RAT is near.")
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