Friday, April 29

About happy be - low U.S. taxes

Think you pay too much in taxes? It could be worse. Could life in Denmark.

How your hard-earned money to the good people on the internal send revenue service, can help a new report by the Organisation for economic cooperation and development, take some of the sting out of writing, check.

The Paris-based group that tracks the economies of 34 Nations found that the strain is developed for the U.S. taxpayer only of the lowest in the world.

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At first glance looks similar to America's top rate of 35 percent of the prices paid by other developed countries. However, the top marginal rate is; typical married couple with two children pays only 13.7 percent of total income taxes (down from about 20 percent in the year 2000), according to the OECD.

That compared with 35 percent comparable household income in Denmark. The average rate for the 34 developed countries, the OECD Membersfor were similar was 26 percent. (All figures are for the year 2009).

But our Danish family is not done yet:, that rate is 35 percent only for income taxes. How many European countries, impose Denmark also a value added tax - a kind of value added tax on a wide variety of were and services. 25 Percent, Denmark's VAT is the highest in Europe.

Additional taxes to take - such as a tax of 70 cents per litre wines - and you find on the highest tax burden in the developed world.

So-called "sin taxes" are everywhere in the developed world, but Scandinavian countries seem particularly susceptible to wine control: Sweden and Norwegians pay about $5 per litre of wine. Japanese smokers pay more than 60 cents per cigarette, according to OECD data.

All in the tax burden in Demark consumes approximately 48 percent of the country's GDP. In the United States, the load is about half that with 24 percent of GDP goes towards control. This is the United States at the lower end of the tax burden between the developed countries.

European Governments have some of the highest tax burden in the world: Sweden numbers control 46 per cent of GDP; France 42 percent is 37 percent of the Treasury and German figures. Canadians (31%), Japan (28 percent) and Australian (27 percent) have a higher tax burden than Americans.

If you are looking for a lower tax burden, you should head south of the border. Chile (18.2 percent) and Mexico (17.5 percent) are to devote only two OECD countries, which control a small proportion of GDP than the United States.

On the other hand, if you really hit control want to, you need to find out, one way to a citizen one of the oil-rich Gulf States, for the numbers of the Heritage Foundation.

The richest of all, Saudi Arabia, will control which consume only 6.6% of GDP. Thanks to a steady supply of petrodollars to pay Government expenditures are also single-digit share of GDP in Iran (6.1 percent), Nigeria (5.9 per cent), Qatar (4.9 percent), Bahrain (4.8 percent), Libya (3.4%), Oman (3 percent) and the United Arab Emirates (1.8 percent) control.

In Kuwait, the tax burden is only 1.5 percent of GDP - seems hardly value needed the money to the pick up.

© 2011 msnbc.com reprints

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