Monday, August 8, 2011
Following up on my prior post (OECD: High Taxes Make People Happy; High Taxes Lead to Happiness: Huffington Post, How Often Are Heavily-Taxed Countries Considered Thriving?:
(Hat Tip: Francine Lipman.)
With a marginal income tax rate of over 40%, the U.S. comes in as the fifteenth most heavily-taxed nation in the world, according to an infographic by TurboTax. ... One of the two countries where the gap between the rich and the poor widened most in the past decade, Sweden, is ranked as the most highly-taxed country, with a income tax rate of 56.5%.
Of the 15 nations with the highest tax rates, 8 also are listed among the 15 most thriving countries, according to Galluup. Germany, Italy, France, Portugal, Japan and Austria all failed to make the cut, and it was only Austria that had a thriving majority.