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The article specifically states that the OECD analysis estimated 'payroll taxes, federal income tax, state and local government taxes.'
by sjy 10y ago
The article specifically states that the OECD analysis estimated 'payroll taxes, federal income tax, state and local government taxes.'
- drawkbox 10y ago"Excluded are the countless other ways that governments levy taxes, such as sales and value-added taxes, property taxes, and taxes on investment income and gains." They also don't include self-employment tax (15%) and sales tax (6-10%). Sales tax and self-employment alone are over 20% close to 25% not counted in the article. Property tax can be close to 1% (depends on property), dividend taxes also aren't included (10-15%).