Hand it Over: Tax Burdens Around The World
Submitted by CARPE DIEM
THE ECONOMIST–Paying taxes is, for most people, both unavoidable and irksome. But how much hard-earned pay is taken by governments varies considerably across the world. Among the rich countries of the OECD, Germans shell out the most, with a worker earning an average income giving 43% of their gross pay to the state, with nearly half of that going towards social security. Workers in Poland hand over nearly 25% of their wages to social security; whereas Australians pay nothing at all directly. Mexicans and South Koreans enjoy the lightest taxation by some way (see chart above).
Visit 1800blogger to see all of our industry leading blogs.
Are you an investor? Have something you want to say about the economy? Register on Econoimist Blog now and get published within minutes. Before posting, it is recommended that you review our posting guidelines.
