EFFECTIVE TAX RATES / THE ECONOMIST

Tax rates

Effective tax rates

Aug 28th 2009

From The Economist print edition

How much tax are you paying?

A person earning $100,000 in Sweden has 37.5% of it deducted as income tax, according to an annual survey of effective tax rates by KMPG, an accounting firm. Sweden’s income-tax rates are among the world’s highest, but the addition of social-security contributions means that people earning this sum in Slovenia, India or Italy take home an even smaller share of their gross earnings. Slovenia’s government deducts almost 55% from earnings of $100,000. Social-security levies eat up a chunky 22% of earnings at that level in France, but low income taxes bring the total take, at 36%, into line with that in other rich nations. Switzerland’s effective tax rate on the fairly well-off is one of the lowest in the world.
























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