Tuesday, January 6, 2009

"Rich" in US pay highest share of total taxes of any western country

According to the OECD, the international organization of advanced democracies, the United States has the most "progressive" tax system of any of its member nations. But, according to Obama, that economist extraordinaire, the "rich" aren't paying their fair share.

Here's the chart: (Sorry, but the blog program doesn't seem to let me format charts as charts.)

Percentage of total taxes and income for the top 10% of income earners

United States 45.1 33.5
Ireland 39.1 30.9
Italy 42.2 35.8
Australia 36.8 28.6
United Kingdom 38.6 32.3
New Zealand 35.9 30.3
Canada 35.8 29.3
Netherlands 35.2 27.5
Czech Republic 34.3 29.4
Germany 31.2 29.2
OECD-24 31.6 28.4
Finland 32.3 26.9
Slovak Republic 32.0 28.0
Luxembourg 30.3 26.4
Belgium 25.4 27.1
Austria 28.5 26.1
Korea 27.4 23.4
Poland 28.3 33.9
Japan 28.5 28.1
Norway 27.4 28.9
France 28.0 25.5
Denmark 26.2 25.7
Sweden 26.7 26.6
Iceland 21.6 24.0
Switzerland 20.9 23.5

It would be lovely if Obama understood that these are the people who have the capital to create jobs for other people, so the more money he takes from them, the fewer non-government jobs there will be. But any economic knowledge seems to be a disqualification for top political jobs.

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