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Economy
See other Economy Articles Title: OECD: U.S. Has Most Progressive Tax System
Source:
WSJ
URL Source: http://online.wsj.com/article/SB100 ... 3581204576033861522959234.html
Published: Jan 29, 2011
Author: ALAN REYNOLDS
Post Date: 2011-01-29 17:29:59 by jwpegler
Keywords: None
Views: 6863
Comments: 5
A study of 24 leading economies by the Organization of Economic Cooperation and Development (OECD) concludes that, "Taxation is most progressively distributed in the United States, probably reflecting the greater role played there by refundable tax credits, such as the Earned Income Tax Credit and the Child Tax Credit... Taxes tend to be least progressive in the Nordic countries (notably, Sweden), France and Switzerland." | Country | Richest share of taxes | Richest share of income | Ratio | | United States | 45.1 | 33.5 | 1.35 | | Ireland | 39.1 | 30.9 | 1.26 | | Italy | 42.2 | 35.8 | 1.18 | | Australia | 36.8 | 28.6 | 1.29 | | United Kingdom | 38.6 | 32.3 | 1.2 | | New Zealand | 35.9 | 30.3 | 1.19 | | Canada | 35.8 | 29.3 | 1.22 | | Netherlands | 35.2 | 27.5 | 1.28 | | Czech Republic | 34.3 | 29.4 | 1.17 | | Germany | 31.2 | 29.2 | 1.07 | | OECD-24 | 31.6 | 28.4 | 1.11 | | Finland | 32.3 | 26.9 | 1.2 | | Slovak Republic | 32 | 28 | 1.14 | | Luxembourg | 30.3 | 26.4 | 1.15 | | Belgium | 25.4 | 27.1 | 0.94 | | Austria | 28.5 | 26.1 | 1.1 | | Korea | 27.4 | 23.4 | 1.17 | | Poland | 28.3 | 33.9 | 0.84 | | Japan | 28.5 | 28.1 | 1.01 | | Norway | 27.4 | 28.9 | 0.95 | | France | 28 | 25.5 | 1.1 | | Denmark | 26.2 | 25.7 | 1.02 | | Sweden | 26.7 | 26.6 | 1 | | Iceland | 21.6 | 24 | 0.9 | | Switzerland | 20.9 | 23.5 | 0.89 |
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