Tuesday, April 18, 2017

Taxation

In 2014 households with incomes greater than $250,000 made up 2.7% of total returns. Their taxes made up 51.6 percent of the $1.4 trillion in that year's taxes. The average tax rate was 25.7%.

Households with less than $50,000 accounted for 62.3% of the returns and that cohort paid 5.7% of income tax collected. Their average tax rate was 4.3%.
(from Pew Research)

Taxes/GNP:
In U.S. it is 26, in France 47.9, Germany 40.6, Iceland 40.4, Italy 43.5, S. Korea 26.8, Russia 19.5 Switzerland 29.4.

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