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Showing posts with label rate of tax. Show all posts
Showing posts with label rate of tax. Show all posts

April 7, 2011

US Individual Income & Social Security Rates Compared with Other Countries

The percentage of income that the average worker pays for income taxes and social security taxes is set forth below for various countries:


  • Germany 41.3%
  • Austria 32.7%
  • Italy 29.3%
  • France 27.7%
  • United Kingdom 25.3%
  • Canada 22.6%
  • USA  22.4%
  • Japan 20.1%
The US does not look that bad and is far from the highest. These figures were put together by the Organization for Economic Cooperation and Development for the year 2009.