The tax wedge
If you feel like complaining about taxes today, pause a moment and consider...
The Economist tells me that the "tax wedge"-- the gap between what employers pay for labor and what workers take home in after-tax pay-- is about 30% in the US which is less than most other developed nations and much less than Belgium, Hungary, & Germany where it is over 50% (as a % of total labor costs, based on single person w/out children and on average earnings).
The Economist tells me that the "tax wedge"-- the gap between what employers pay for labor and what workers take home in after-tax pay-- is about 30% in the US which is less than most other developed nations and much less than Belgium, Hungary, & Germany where it is over 50% (as a % of total labor costs, based on single person w/out children and on average earnings).
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