Wednesday, November 4, 2009

Are American income taxes high relative to other countries?

Not particularly, but Americans are not happy with what they’re getting for their money (unlike the Scandinavians, who are ever so happy, especially the Danish).  Our government apparently does not serve the people.

Via:  KPMG  The presentation is confusing in that the green numbers to the right of the green bar are the effective income tax rate, not the magnitude of the green bar, which is the sum of income and social security taxes.  The chart gives results for an income of USD100,000.  Tax rates on incomes below USD50,000 are known to be quite low.



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