According to the OECD, the top marginal income tax rate for wage income in the US (including federal, state, and local taxes) was 44% in 2022. The US ranked 20th of the 38 OECD countries and 6th among the G7 countries.
June 10, 2024
Among OECD countries in 2022, consumption tax revenue (federal, state, and local levels) as a share of total tax revenue ranged from 16% in the United States to 50% in Hungary.
June 3, 2024
Income from capital gains made up about 14% of aggregate adjusted gross income (AGI) in 2021, but this varied by income level. For those with AGI over $1 million, capital gains accounted for 42% of their income.
May 27, 2024