Sunday, November 11, 2007

HOW DOES THE U.S. COMPARE, PART II

The OECD has a breakdown of disposable income after taxes in the developed countries for 2003 here. By average production worker, the OECD is referring to an average factory worker. The results show that compared to other OECD countries, the U.S. isn't overtaxed. The numbers are expressed as the percentage of gross pay left after ALL taxes.

SINGLE
57.8 Denmark
58.0 Belgium
58.7 Germany
67.0 Hungary
68.0 Austria
68.1 Finland
68.5 Poland
68.8 Sweden
69.0 Netherlands
69.8 Norway
70.2 Turkey
70.9 EU average
71.1 France
73.1 Italy
73.7 United Kingdom
74.1 OECD average
74.7 Luxembourg
74.8 Iceland
75.9 Canada
76.3 Australia
76.4 United States
76.7 Czech Republic
78.3 Portugal
78.3 Switzerland
79.0 Slovak Republic
79.8 Greece
80.3 Spain
80.3 New Zealand
81.8 Japan
84.0 Ireland
90.9 Korea
94.5 Mexico


For a married couple, one wage earner and 2 children, the U.S. has lighter taxes than most of the OECD countries.

70.2 Turkey
70.4 Poland
70.5 Denmark
76.1 Finland
76.5 Sweden
76.6 Belgium
79.2 Netherlands
79.3 Greece
79.4 Norway
80.1 Germany
81.1 United Kingdom
82.5 Hungary
82.8 New Zealand
83.1 Austria
83.1 France
83.6 EU average
85.2 Australia
85.3 OECD average
85.8 Japan
86.5 Italy
87.5 Canada
88.2 Spain
90.0 Portugal
90.6 Switzerland
91.4 Korea
94.1 Slovak Republic
94.5 Mexico
95.1 United States
95.5 Iceland
98.5 Czech Republic
100.2 Luxembourg
103.7 Ireland

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