No two tax cuts impact the economy in the same way.

Effective marginal tax rates on single and dual earner families in the USA, Britain, France, Germany, Canada, Italy, Sweden, Denmark, Australia and New Zealand

Some countries including New Zealand and Australia do not give ordinary families much of an incentive to earn more. Effective marginal tax rates on low income families is one of the few times that the Left discovers supply-side economics.

image

Source: Taxing Wages 2015 – OECD 2015.

British all-in average personal income tax rates at average wage by family type, 2000, 2007, 2014

image

Data extracted on 25 Jan 2016 01:07 UTC (GMT) from OECD.Stat.

Better than Sweden! All-in average personal income tax rates at average wage by New Zealand, Swedish and Danish family type

image

Data extracted on 25 Jan 2016 01:07 UTC (GMT) from OECD.Stat.

US, Australian and NZ all-in average personal income tax rates at average wage by family type

image

Data extracted on 25 Jan 2016 01:07 UTC (GMT) from OECD.Stat.

New Zealand 2000, 2007 and 2014 all-in average personal income tax rates at average wage by family type

In work tax credits for families in Working For Families certainly makes a difference to the after-tax, after government transfers living standards of the family on an average wage.

image

Data extracted on 25 Jan 2016 01:07 UTC (GMT) from OECD.Stat.

The minimum wage and poverty

How in-work family tax credits help

@BernieSanders @HillaryClinton working 40 hour on #minimumwage doesn’t leave you in poverty in America

@BernieSanders had a seniors moment on the EITC

 

Image

The minimum wage and escaping poverty across the OECD area

Taxes on minimum wage earners across the OECD area

Poverty traps: would a minimum wage increase take-home pay?

How many hours to work your way out of poverty across the OECD?

If government “programmes have been doing very little to help children out of poverty”, what halved child poverty in the last 20 years? Economic growth?

image

Figure 1: child poverty (%) in New Zealand (before and after housing costs), 1982 – 2013

image

Source: Bryan Perry, Household incomes in New Zealand: Trends in indicators of inequality and hardship 1982 to 2013. Ministry of Social Development (July 2014), Tables F.6 and F.7.

Previous Older Entries

Weapons and Warfare

History and Hardware of Warfare

(macro)Economics live from London

Franck Portier's professional page

Point of Order

Politics and the economy

NZCPR Site

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Breaking Views

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Anti-Dismal

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Peter Winsley

Economics, and such stuff as dreams are made on

BooksIcon.com

Reading lists

Climate Audit

by Steve McIntyre

Bowalley Road

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

History of Sorts

WORLD WAR 2,EIGHTIES,MUSIC,HISTORY,HOLOCAUST

Notes On Liberty

Spontaneous thoughts on a humble creed

Tudor Chronicles

News, reviews and talk all about the Tudors

The Logical Place

Tim Harding's writings on rationality, informal logic and skepticism

Karl du Fresne

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Roger Pielke Jr.

an undisciplined academic - @RogerPielkeJr on Twitter

Great Books Guy

Reading The Classics

Velvet Glove, Iron Fist

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

@STILLTish. Gender Abolition

Examining Gender Identity ideology and its impact on Women's Sex based rights and Gay Rights. d protections. Exploring how this has taken such firm root in Western societies (Cognitive & Regulatory Capture).

200-Proof Liberals

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

What Paul Gregory is Writing About

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Kids Prefer Cheese

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Offsetting Behaviour

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

JONATHAN TURLEY

Res ipsa loquitur - The thing itself speaks

Adventures of a Tudor Nerd

Exploring the 16th Century and Beyond

Conversable Economist

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Barrie Saunders

Thoughts on public policy and the media

The Victorian Commons

Researching the House of Commons, 1832-1868

Coyote Blog

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

The History of Parliament

Blogging on parliament, politics and people, from the History of Parliament

Catallaxy Files

Australia's leading libertarian and centre-right blog

Books & Boots

reflections on books and art

Legal History Miscellany

Posts on the History of Law, Crime, and Justice

Sex, Drugs and Economics

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Climatism

Tracking Anthropogenic Climate Alarmism

FREEcology

Libertarian environmentalism

Doc's Books

A window into Doc Freiberger's library

Newmark's Door

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Media Myth Alert

Calling out media myths

European Royal History

Exploring the History of European Royalty

Tallbloke's Talkshop

Cutting edge science you can dice with

Marginal REVOLUTION

Small Steps Toward A Much Better World

%d bloggers like this: