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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Elsewhere who wrote (100137)	6/4/2003 4:42:22 AM
From: Elsewhere	Respond to of 281500

Some more OECD links on tax comparison The truth about tax burdens By Christopher Heady, OECD Centre for Tax Policy and Administration March 1, 2002 oecdobserver.org Bar charts: total tax revenue 2000 as % of GDP; business taxes 2000 oecdobserver.org Pie charts: tax breakdown 1999 oecdobserver.org Taxing Wages: Downward Trend Continues in Many OECD Countries February 19, 2003 oecd.org "OECD Observer": Taxation oecdobserver.org

To: Elsewhere who wrote (100137)	6/4/2003 12:55:08 PM
From: Nadine Carroll	Respond to of 281500

Thanks, Jochen. I think these figures back up my point. The US collects half its tax revenue from income & profit taxes; Europe collects only a third of its revenues from such taxes. Therefore, it is not reasonable to look at only those figures and say, Europe's tax burden is lower than the US'. It only makes sense to look at the whole tax burden. Incidentally, what is meant in these figures by payroll taxes? In the US, payroll taxes include FICA (Social Security) and Medicare taxes, now about 15% of most paychecks.