Wednesday, June 15, 2011

Relatively High Tax Rates For High Income Earners In The U.S.

See America the Progressive, Part II by Nick Schulz of AEI.

"America’s rich have heavier tax burdens than do America’s poor when compared with their equivalents in other countries, according to a new survey.



Those earning $200,000 a year in the U.S. would typically keep 69.9% of their pay, which was the ninth-most-competitive rate in the survey. Those in the U.S. earning gross pay of $25,000, though, would keep 90.6% of their salary, the third-most-competitive rate."

Here is the WSJ article it is based on:

Europeans Found Taxed Heaviest: Russia's Rich Have Lightest Load.

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