Reading log #6
Article URL: http://www.forbes.com/sites/kellyphillipserb/2014/04/18/higher-or-lower-how-do-you-think-your-u-s-tax-burden-compares-to-other-countries/
In the article, the author compares the tax burdens in the USA and the OECD (Organization for Economic Cooperation and Development) countries over the last few years. Despite paying about a quarter of one’s earnings to the social security taxes and federal income tax, Americans are still ranked on the lower end among the OECD countries. The author notes that there has been tremendous rise in tax burdens in 21 OECD countries since 2010. Additionally, the author points out that the tax wedge for single individuals without children is higher than for households with children Continue reading...