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Thread: US taxpayers get off easy, compared to some others

  1. #1
    Moderator Roody's Avatar
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    Post US taxpayers get off easy, compared to some others

    Interesting read.

    If you just filed your taxes this month, chances are you’re not feeling a huge amount of goodwill toward the U.S. tax system.

    Still, you may want to hold off on those plans to move overseas to avoid the tax man.

    The Organisation for Economic Co-operation and Development this week released a tax comparison for typical wage earners in it 34 member countries, mainly the world's wealthier, democratic countries in Europe, Asia and the Americas.

    Surprise: Most of them are paying a lot more than you.

    The OECD report looked at the total labor costs for full-time, private sector workers – that is, gross wages plus whatever taxes the employer is required to pay on that employee’s behalf. Then they calculated how much of that total went to federal, state or regional taxes.

    In the U.S., an estimated 29 percent of the average worker’s total labor costs went toward taxes last year.

    That’s far lower than Belgium, Germany, Hungary and France, where taxes accounted for about half of an average worker’s labor costs.

    There are a few countries where workers are getting more of a tax break. The countries with the lowest tax bills included Mexico, New Zealand and Chile, where just 7 percent of the average worker’s total costs went to taxes.

    The OECD found that taxes increased in 26 of the 34 OECD countries last year. The U.S. was one of the few countries to see a decrease because of cuts in Social Security contributions. That offset the end of the Making Work Pay tax credit.

    For comparison purposes, the calculations assumed the average worker was single and without children. The OECD did separate calculations for other individuals and families with children in its full report.

    Matthias Rumpf, a spokesman for the OECD, said the U.S. ranks lower than average in part because it does not have compulsory health care. That means Americans’ health care costs aren’t included in their total taxes.

    The OECD also didn’t include mortgage interest rate deductions in its calculation, in part because it’s difficult to make assumptions about how much a person would pay and thus deduct.
    http://economywatch.msnbc.msn.com/_n...me-others?lite

  2. #2
    resident plumber Mark's Avatar
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    ............nanny states

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    Dr Tweak mnosteele52's Avatar
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    They aren't comparing apples to apples. Many of these countries are Socialist where the government has pretty much total control and pays for everything..... how do they pay for it? Taxing the citizens at a much higher rate. I know first hand how things are done in Germany since my wife has relatives there. Did you know in Germany if you have a second job such as myself with my computer business, the government takes half of your earnings in taxes...... needless to say not many people work more than one job. Her cousin told me that things have gotten so bad there in the past 10 years or so because the younger generation has the attitude of "why should I work when I get everything for free", she said 100% of the people are taking from the government but less then half are actually paying taxes...... kind of like here is the US.

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    Assistant Admin Ken's Avatar
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    I am not so sure that I would be foolish enough to believe the USA "gets off easy" at 29% taxes when compared to a few others (4 listed) mentioned paying 50%... I would say that is brainwashing if people are naive enough to believe that... Read that article carefully and you will see propaganda at it's finest...

    Ignorance, apathy and complacency... Fools rush in...

    msnbc, they never cease to amaze me...

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    SG Enthusiast Leatherneck's Avatar
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    I'd say we get off easy when a prescription doesn't cost granny more than rent or when a parent and their kid doesn't rack up a combined $100k in college debt AND we aren't socialists.
    USMC RETIRED

    Steve

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    Moderator David's Avatar
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    Quote Originally Posted by Leatherneck View Post
    I'd say we get off easy when a prescription doesn't cost granny more than rent or when a parent and their kid doesn't rack up a combined $100k in college debt AND we aren't socialists.

    When the goods and services are sewn up by trusts, there is no free market.

    Hell_Yes

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    "Anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that 'my ignorance is just as good as your knowledge.'" - Isaac Asimov

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    SG Enthusiast Leatherneck's Avatar
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    Quote Originally Posted by David View Post
    When the goods and services are sewn up by trusts, there is no free market.
    Isn't "free market" a funny term? Sort of like parking on a driveway and driving on a parkway.
    USMC RETIRED

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    Moderator David's Avatar
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    Quote Originally Posted by Leatherneck View Post
    Isn't "free market" a funny term? Sort of like parking on a driveway and driving on a parkway.
    <laughs> True enough.

    Hell_Yes

    Luck is where preparation meets opportunity - Seneca

    "Anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that 'my ignorance is just as good as your knowledge.'" - Isaac Asimov

    It is my ambition to say in ten sentences what others say in a whole book. - Friedrich Nietzsche

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