Saturday, August 19, 2017

How Much Does the Tax Man Take From Your Paycheck?

For your weekend viewing pleasure, I present the following graphic of personal income tax rates all around the world.  As can be easily seen, the U.S. charges its citizens less for taxes than most other countries, though not much less.  Of course, all of these "averages" are meaningless since they do not take into account progressive tax structures.  And I do believe that tax rates in the Scandinavian countries are higher than 30 percent, quite a lot higher.  But it still makes for an interesting graphic.  Hope everyone is enjoying this very pleasant weekend.  The heat is coming back next week.




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