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1 Sam Jordan & Kyle Pomerleau, A Comparison of the Tax Burden on Labor in the OECD 1 (2015)

handle is hein.taxfoundation/ctxbulaoecd0001 and id is 1 raw text is: FOUNDATION FISCAL FACT July 2015 No. 475 The Tax Foundation is a 501(c)(3) non-partisan, non-profit research institution founded in 1937 to educate the public on tax policy. Based in Washington, D.C. our economic and policy analysis is guided by the principles of sound tax policy: simplicity, neutrality, transparency, and stability. (02015 Tax Foundation Distributed under Creative Commons CC-BY NC 4.0 Editor, Melodie Bowler Designer, Dan Carvajal Tax Foundation 1325 G Street, NW, Suite 950 Washington, DC 20005 202.464.6200 A Comparison of the Tax Burden on Labor in the OECD By Sam Jordan & Kyle Pomerleau Research Economist Assistant Key Findings Average wage earners in the United States face two major taxes: the individual income tax and the payroll tax (levied on both the employee and the employer). Although a little more than half of a U.S. worker's payroll tax burden is paid by his employer, the worker ultimately pays this tax through lower take- home pay. The total tax burden faced by average wage earners in the United States is 31.5 percent of their pretax earnings, paying $17,372 in taxes in 2014, with $8,631 in individual income taxes and $8,741 in payroll taxes. * The total tax burden faced by average U.S. workers is the 24th highest in the OECD, below the 34-country average of 36 percent. In the absence of income and payroll taxes and the benefits they provide, the average worker would take home nearly $5,000 in additional annual income for a total of $54,977. Many OECD countries have high payroll taxes, such as France, which places the highest payroll tax burden of 37.9 percent on average workers. * In some countries, over 50 percent of workers' total tax burden is paid by their employers. * The tax burden for families in OECD countries is 25.9 percent lower on average than the tax burden on single, childless workers. taxfoundation org

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