18 Mar 2016
by Jim Rose
in business cycles, economic history, fiscal policy, great recession, macroeconomics, politics - USA, public economics
Tags: company tax, company tax rate, growth of government, GST, indirect taxation, property taxes, size of government, Social Security contributions, taxation and investment, taxation and labour supply, welfare state
The only major change in the US tax mix in the last 50 years has been greater reliance on social security contributions.

Source: OECD Stat.
The share going to income taxes bobbing up and down quite a lot in the last 30 years much of that to do with the business cycle. In the 1990s, the share of taxes from personal income increased during boom times. In the Great Recession, the tax share to income tax rose with the declining economy as did that on corporate profits.
12 Mar 2016
by Jim Rose
in economic history, labour economics, labour supply
Tags: France, hours worked, social insurance, taxation and labour supply
American workers are working fewer hours per year but more labour has been supplied by the working age population especially in the 1980s and 1990s. In France, there has been a steady decline of hours worked per worker and, up until 1985, hours worked per working age French.

Data extracted on 10 Mar 2016 22:34 UTC (GMT) from OECD.Stat, Data extracted on 10 Mar 2016 22:02 UTC (GMT) from OECD.Stat, and The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
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10 Mar 2016
by Jim Rose
in labour economics, labour supply
Tags: Australia, British economy, Canada, Denmark, France, Germany, Japan, Sweden, taxation and labour supply, working hours
Them Continentals certainly are a bit work-shy especially the Nordics. All of them are pretty much afraid to put in a long week. Then again they do face rather high taxes on labour so what would you expect? The Japanese are still working themselves to death.

Data extracted on 09 Mar 2016 22:25 UTC (GMT) from OECD.Stat – OECD Better Life Index 2015.
05 Mar 2016
by Jim Rose
in economics of love and marriage, fiscal policy, gender, labour economics, labour supply, law and economics, politics - Australia, politics - New Zealand, politics - USA, public economics
Tags: Australia, British economy, Canada, Denmark, effective marginal tax rates, family tax benefits, family tax credits, France, Germany, in-work tax credits, Italy, poverty traps, rational irrationality, social insurance, Sweden, taxation and labour supply
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.

Source: Taxing Wages 2015 – OECD 2015.
05 Mar 2016
by Jim Rose
in fiscal policy, politics - Australia, politics - New Zealand, politics - USA, public economics
Tags: Australia, British economy, Canada, Denmark, family taxation, France, Germany, Italy, social insurance, Sweden, taxation and labour supply
Those sensitive and caring northern European welfare states do tax families rather heavily even after accounting for family cash benefits.

Source: Taxing Wages 2015 – OECD 2015.
04 Mar 2016
by Jim Rose
in fiscal policy, politics - Australia, politics - New Zealand, politics - USA, public economics
Tags: Australia, British economy, Canada, Denmark, France, Germany, Italy, social insurance, Social Security, Sweden, taxation and labour supply
Those much admired northern European welfare states tax families and individuals much more than do the Anglo-Saxon welfare states.

Source: Taxing Wages 2015 – OECD 2015.
04 Mar 2016
by Jim Rose
in fiscal policy, politics - Australia, politics - New Zealand, politics - USA, public economics
Tags: Australia, British economy, Canada, Denmark, Germany, Italy, social insurance, Social Security, Sweden, taxation and labour supply
03 Mar 2016
by Jim Rose
in fiscal policy, public economics
Tags: Australia, British economy, Canada, Denmark, Germany, Italy, social insurance, Social Security, Sweden, taxation and labour supply
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