Some people may actually wonder which country punishes productive people the most. Personal income taxes were what was monitored here. There is also a payroll tax to think about in this area. If you the workers are not making an additional benefit, then the payroll tax will be very destructive.
- Authored by Alexander Fritz Englund and Jacob Lundberg, it looks at the total marginal tax rate on each nation’s most productive taxpayers.
- And when you begin to add everything together, you get the most accurate measure of government greed.
- Shed a tear for entrepreneurs in Sweden, Belgium, and Portugal.
“A payroll tax (sometimes called a “social insurance” levy) will be just as destructive as a regular income tax if workers aren’t “earning” some sort of additional benefit.”