Myth Busters: Americans Pay More in Income Tax than Canada

pbca

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Wed May-21-08 07:03 PM
Original message

Myth Busters: Americans Pay More in Income Tax than Canada

Also more than Switzerland, Belgium, Finland, Sweden, the UK, ...

and somehow get nothing in return

http://www.nationmaster.com/graph/tax_com_of_tax_per_inc_tax-taxation-components-personal-income-tax

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Warpy

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Wed May-21-08 07:04 PM
Response to Original message

1. Hey! We get a bloated military

and more rich men than any other country!

Makes ya feel all warm and fuzzy, don't it?

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Junkdrawer

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Wed May-21-08 07:12 PM
Response to Reply #1

2. A. Whitney Brown: I Support The Troops

...Other countries pay taxes, but they get things like free healthcare. What do I get? I get to kill a bunch of Iraqis. Whoop de do...

http://www.youtube.com/watch?v=Mg76Df0oSbM

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Bigmack

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Wed May-21-08 07:16 PM
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3. As the Trident subs....

go by our place on a near-daily basis, I think "There goes our health care.... There goes our safety net."

But we do have those nifty subs. Only thing is... I forget what mission they have now.

Any help?

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pbca

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Wed May-21-08 08:24 PM
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4. kicking

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YankmeCrankme

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Wed May-21-08 09:31 PM
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5. If you read the small print at the bottom

It states personal income tax as a percent of the total taxes collected. It is not saying that the personal rate for individuals is higher than for those countries listed below. Most likely they pay more as individuals compared to US, but those countries have more of their total taxes collected from other sources.

Hope that made sense.

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muriel_volestrangler

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Thu May-22-08 07:01 AM
Response to Reply #5

6. Indeed. Here's "tax, inc. social security, from average worker (single)"

http://www.nationmaster.com/graph/tax_tot_tax_wed_sin_wor-total-tax-wedge-single-worker

and single income, 2 child family:

http://www.nationmaster.com/graph/tax_tot_tax_wed_sin_inc_fam-tax-wedge-single-income-family

or combine the numbers from the OP with the total tax for the countries:

http://www.nationmaster.com/graph/tax_tot_tax_as_of_gdp-taxation-total-as-of-gdp

CH: 34.4% * 35.7% = 12.3% of GDP taken as personal income tax
BE: 31.7% * 45.6% = 14.5%
FI: 31.2% * 46.9% = 14.6%
SE: 30.4% * 54.2% = 16.5%
UK: 29.8% * 37.4% = 11.1%
US: 37.7% * 29.6% = 11.2%

The 'component of tax from goods and services tax' shows the US pays very little in that regard.

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