Income Tax rate comparison around the world

[autoque]

For now, US doesn't seem to have it too bad compared to other countries around the world.

A few surprising facts. France, Germany and Belgium may as well be called communist countries. Income tax rate of roughly 50%~55%. That's beyond the limit to what can be called socialism, IMO. Russia (though not on the table) has 13% rate of income tax (found it out on wikipedia). Irony!~ Now who can say Russia is against capitalism!

http://moneycentral.msn.com/content/Taxes/P148855.asp

[alpac]

Where did you get these numbers from? I had been living 38 years in France before coming to the USA and never had been taxed that much. My income tax at the time was around 35% at the time which I found already too high. The income tax in France varies based on the amount of income but only 1 or 2% of the population are in the 45% tax bracket. The problem in France is that there are many other indirect taxes. Sales taxes (VAT) for example is over 20%. However once you have paid your taxes school (which includes pre-school, school and college) as well as health is basically free. You do not have to be concerned about saving money to send the kids to college or be concerned about not being able to pay your medical bills.

[motordavid]

The table is ok, but barely, imo...
and it does not take into account FICA, medicare supp tax,
AMT tax, state income taxes, county taxes, ad valorem taxes, sales taxes,
phone and utility taxes, real estate taxes, and some I probably left out.

Very hard to compare apples to apples, imo. I am not suggesting
we/The US, are taxed more or less our share, than other countries
but in some of those higher tax countries health care, elderly care,
etc., is all covered via those higher rates.

And, the idiots in Wash.DC will spend 10-20% more than all of us
"send" them anyway...not even considering the TARP/Bailout Trillions.
BR,mD

[blondboinsd]

11.8% for Families? We NEED to jack up those tax rates. It should be 5% less at best! I Like the UK version

[autoque]

The source is given right above the attachment.

It's a comparison of taxes paid by a household earning the country's average wage.

[alpac]

Originally Posted by autoque

The source is given right above the attachment.

It's a comparison of taxes paid by a household earning the country's average wage.

These numbers are not accurate for France, I can tell you that.

[motordavid]

Originally Posted by autoque

The source is given right above the attachment.

It's a comparison of taxes paid by a household earning the country's average wage.

As in only the average Federal/Country income tax, as I railed about
in my earlier post...an almost inane "chart" of "data", imo.

[Eric5273]

I agree that you can't compare unless you have data on the total taxes paid (not just income tax), and you further have data on what services the people get in return from the government.

[lakai]

Originally Posted by blondboinsd

11.8% for Families? We NEED to jack up those tax rates. It should be 5% less at best! I Like the UK version

Its easy for you to say that considering.. well you know why. Either way the comparison is not exactly apples to apples. Take in consideration the size of the populations in each country.

[blondboinsd]

Originally Posted by lakai

Its easy for you to say that considering.. well you know why. Either way the comparison is not exactly apples to apples. Take in consideration the size of the populations in each country.

Very funny...

I'm sorry but those differences between the single and married is not right. If we need to close this tax hole I say that we raise taxes on families to 20% at least then they are not so out of whack

I also like Mexico's version. Why should married families with kids get all the breaks? I say they shouldn't!

The UK, Canada, France and Mexico are all where it should be.

I'm going to stop paying half my taxes....