Income tax plus employee contributions less cash benefits as % of earnings by family type in USA, Britain, Canada, Sweden, France, Italy, Denmark, Germany, Australia and New Zealand

Those much admired northern European welfare states tax families and individuals much more than do the Anglo-Saxon welfare states.

image

Source: Taxing Wages 2015 – OECD 2015.

Income tax and social security contributions as a percentage of gross wage earnings in the USA, Britain, Canada, Germany, Denmark, Italy, France, Sweden, Australia and New Zealand

image

Source: Taxing Wages 2015 – OECD 2015.

Income tax plus employee and employer social security contributions as % of labour costs in US, Britain, Germany, Italy, Canada, Australia, Sweden and Denmark

image

Source: Taxing Wages 2015 – OECD 2015.

 .

Social Security contributions as a percentage of GDP in the G7 countries

image

Source: Revenue Statistics 2015 – OECD 2015.

Implicit tax on a lone parent returning to a low-paid job in the USA, UK, Denmark, France, Germany, Canada, Australia and New Zealand

image

Source: Economic Policy Reforms: Going for Growth – OECD (2016).

Tax receipts by source as % of US GDP since 1934

Quiz question: spot the Reagan revolution?

image

Source: The President’s Budget for Fiscal Year 2017, Historical Tables | The White House, table 2.3.

The only time that the left become supply-side economists

The left-wing tax dilemma

Source: The President’s Revenue Problem | Tax Foundation.

The truth about the @BernieSanders tax plan

https://twitter.com/ScottElliotG/status/695447670169563136

US, Danish, British, Canadian, Australian and New Zealand tax and social security burden net of cash benefits as a % of labour costs, one-earner married couple with two children since 2000

For some reason the Labour government in New Zealand in the mid-2000s could not bring itself to admit it was introducing a huge tax cut for families. To avoid admitting it ever gave a tax cut, that Labour government called the huge family tax credit introduced in 2004 and 2005 Working for Families.

image

Source: Taxing Wages 2015 – OECD 2015

The above data does not include the effects of GST and VAT.

G7, Australian, Danish and New Zealand average personal income tax and social security contribution rates

image

Data extracted on 30 Jan 2016 03:32 UTC (GMT) from OECD.Stat.

G7, Danish, Australian and New Zealand marginal income tax and social security contribution rates

Ordinary French, Germans, Italians and Danish pay much higher marginal tax rates and that is before their high rates of GST.

image

Data extracted on 30 Jan 2016 03:08 UTC (GMT) from OECD.Stat.

All-in average personal income tax rate less cash transfers at average wage for single person with 2 children across OECD

image

Data extracted on 25 Jan 2016 01:06 UTC (GMT) from OECD.Stat.

Working Class American Families Face Marginal #Tax Rates up to 43.7%

Everybody agrees there is a Laffer Curve when it suits them.

The Left talks about poverty traps arising from means testing of social insurance and welfare benefits but denies flatly that high marginal tax rates will affect the labour supply of the rich and willing to do.

You cannot have it both ways.

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.

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