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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: 6808
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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#1. To: All, go65, godwinson, capitalist eric, lucysmon, Happy Quanzaa, sneakypete (#0)

Busting more Know-Nothing leftist myths


Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. -- Winston Churchill

jwpegler  posted on  2011-01-29   17:32:11 ET  Reply   Trace   Private Reply  


#2. To: jwpegler (#1) (Edited)

Taxes tend to be least progressive in the Nordic countries (notably, Sweden), France and Switzerland."

All the countries you would consider 'leftist' 'socialist'.....they have universal health care for example....

Oops....

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-01-31   20:38:27 ET  Reply   Trace   Private Reply  


#3. To: Godwinson (#2)

All the countries you would consider 'leftist' 'socialist'

You have no idea what I think.


Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. -- Winston Churchill

jwpegler  posted on  2011-01-31   21:03:59 ET  Reply   Trace   Private Reply  


#4. To: jwpegler (#3)

You have no idea what I think.

You just stated what you think - that the nations you call socialists are better off until you realized that made you sound stupid because you attacked socialist European nations....

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-02-01   1:51:46 ET  Reply   Trace   Private Reply  


#5. To: Godwinson (#4)

You just stated what you think - that the nations you call socialists are better off...

I've never said any such thing. You a reading comprehension problem.


Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. -- Winston Churchill

jwpegler  posted on  2011-02-01   11:18:04 ET  Reply   Trace   Private Reply  


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