Higher Or Lower: How Do You Think Your U.S. Tax Burden Compares To Other Countries?

wochit news
April 18, 2014 AT 9:01 AM
Today, Americans pay out about a quarter of an average paycheck for federal income tax and social security taxes. Despite that hefty number and that increase, the United States is still on the low end compared to other nations: the US ranks 25 out of the 34 compared to all OECD nations. The average tax burden on incomes for all OECD countries stands at 35.9%. The increase in taxes is nothing new: most countries have reported increases in taxes for 2010, 2011 and 2012.