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Taxes Going Up in Arlington, U.S.A., and Almost Everywhere

At the Tax Foundation's Tax Policy blog today, we learn from Andrew Lundeen that personal income taxes haves have gone up in 25 of the 34 OECD countries (the U.S. is one of the 34). One of Lundeen's key points is:

"Since 2005, the U.S. has seen its average tax burden on employment income increase from 29.8 percent to 31.3 percent, largely due to the expiration of the lower rate on payroll taxes at the start of 2013."

A second important point, which Lundeen makes is:

"The U.S. taxes average wages at a lower rate than many OECD countries partly because the U.S. relies on high income earners more than any other country in the OECD."

As shown in the Tax Foundation graph below, Lunden points out: "In the U.S., the top 10 percent of taxpayers earn 33.5 percent of the income, but pay 45.1 percent of the taxes. Compare this with France, where high income earners make 25.5 percent of the income, but only pay 28 percent of the taxes, or the United Kingdom where the top decile earns 32.3 percent of the income, but pays 38.6 percent of the taxes."

Kudos for another example of providing taxpayers with transparency to the taxes they pay.


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