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OECD provided graph? ! for 2005 as well. Graph that doesn't include State taxes.

Here is a better source.

This again, does not include State income taxes.

Here they are

If you are making over say $10,000,000/year, you'll pay marginal tax rate on 99% of your income, so that's 35% + SS + payroll + Medicare + State. State taxes vary and in some cases they are 0, which is why people move to Texas or Florida out of places like Connecticut or Illinois for example.

Of-course the other taxes will also add up, like property, sales, gas, etc.

In Lucerne the taxes are around 9-12%, depends, but it's going to be reduced by 50% in 2012 and will be eliminated by 2016 if people keep voting the same way as before, and there are no indications to the contrary.

Singapore rates - I like the place.

I have a company registered in Cyprus, here is the chart, once Lucerne gets taxes below 6%, I'll move one here too.

Even the most socialist states, such as Sweden are lowering their income taxes now, reducing business regulations as well, because they know what's coming. They see Portugal and Greece and where the West is heading with its welfare state policies, and it's not pretty.

In Brazil, tax rate is a flat 20%. And you get 100% of it back at the end of the year. The government takes the money, invests it, and spends next years budget out of the earnings - you get all your taxes back, the only loss is a bit of earnings and inflation.

Did you pull that out of your ass?

that our ~75% tax rate is funding the worthwhile entitlement of blazing 1Mb/s connection!!

In Finland Taxation of an individual's income is progressive. In other words, the higher the income, the higher the rate of tax payable. In 2009 the income tax rate (national tax) for an individual is between 7%-30.5%. In addition to direct taxation there is also municipal tax in Finland. This tax is payable by an individual on his or her income and it fluctuates between 16% - 21% depending on the municipal authority.

The trading of virtual currency for real cash employs hundreds of thousands of people worldwide and generates between $200 million and $1 billion annually, according to a 2008 survey conducted by Richard Heeks at the University of Manchester. He estimates that between 80% and 85% of gold farmers are based in China.

Dear god! Eight tenths of one billion dollars is a lot of cash!

The Chinese government estimates that trade in virtual currency exceeded several billion yuan last year, a figure that it claims has been growing at a rate of 20% annually. One billion yuan is currently equal to about $146,000.

So what is it, hundreds of millions or hundreds of thousands? Because one is a nice chunk of change while the other is, across China's population, laughable.

These numbers just aren't adding up here. There seems to be a large disparity between what the Chinese government reports and what Heeks' study finds. It's entirely possible that Heeks' is stretching stats to make his research sound more important and news worthy. It's also possible China is understating the impact their ban will have so they can "cure you of your illnesses." The reality is probably both a little of column A and a little of column B.

Some game companies have recognized the futility of trying to ban the practice and have built virtual commerce into their game infrastructure.

And now China will realize that futility. One would think that China would enjoy the tax on those who report this income but now it's just going to all go under-the-table. Hell, I'd say tax it but I'm certain China wants to look like the caring government attempting to heal the afflicted youth.

They could just as well move to other EU countries where taxes are even lower, Estonia for example (where an individual's income is taxable, as at 2008, at the rate of 22%). Germany was just used as an example of an EU country with somewhat lower taxes than say Sweden. The tax table on Worldwide-tax indicates that Germany is 15-45% while Sweden, for example, is 0-57%. However VAT in Germany is 19% whereas in Sweden it is 25% and as the poor tend to spend more of their after tax income simply living than do the rich the effective tax rate can seem much higher in a country like Sweden where goods and services are more expensive (+6% more in the case of Germany vs Sweden). It probably wouldn't work out to half as much, so I was wrong about that, but it probably would be fairly noticeable and particularly so to young professional people who may have higher incomes, higher personal spending rates, and may not yet have children to support.

Are you talking about Canada? Because the united states effective tax rate is no where near that high. I'm not sure where you got that impression either. Here's a source for you. And another and here which actually states the corporate tax rate as 35% for the upper end. Sorry, that doesn't sound very socialist. It's definitely on the upper end of world wide tax rates but dictatorships, communist countries, and the rest all seem to do roughly the same.

Also I fail to see how even tax rates on revenue relate to ownership in the company. You mean to say that all the money the government put into public works like roads, power, and telecomm shouldn't be compensated by the people that use it the most?

The US has on of the highest corporate tax rates in the world

Hogwash. This table shows otherwise. Unless you think every business in the U.S. is taxed at 35%, the U.S. corporate tax rate is somewhere in the middle to lower end of the scale. And that does not include VAT.

What you did was take the combined corporate tax rate in the U.S., not the range of taxes corporations pay.

Further, using The Tax Foundation's figure of combined rates (which is what you're using), they use the example of Sweden who has a lower combined corporate tax rate than the U.S. That's nice, except they fail to mention that in Sweden, if you use the combined personal income tax, the top rate is 60%. Way above anything we in the U.S. pay. Even the uber rich.

Corporations leaving the U.S. has very little to do with corporate tax rates. The biggest reason for relocating overseas is cheaper labor. There are very few Americans who want to work in a factory for $8/hour putting widgets together. If there were, food processors wouldn't be hiring illegal immigrants in droves.

Forget age - getting things done is what counts. Are you PMP certified? PMP is sorta like the old Netware certification - read a book, memorize it, take a test - get paid more.

Where I live in Atlanta, much less costly than NYC, Project Managers with PMPs routinely earn $100K+/yr.
Heck, at age 23 about 20 years ago, I earned $32K/yr as a starting salary. 15 years ago I was making $42K/yr and these were government jobs, but I had an engineering degree from a name-brand top 10 program.

The good news is that more money doesn't really make you any happier once you're above $50K/yr. Read that somewhere that I can't find now. There is a UK study that showed different results http://www.thisismoney.co.uk/news/article.html?in_article_id=421202&in_page_id=2 that must be a cultural difference.

So, either you are unbelievably underpaid, working here illegally or you really suck!

I understand that our tax rate is significantly lower here http://www.worldwide-tax.com/ in the States too. According to the link, around 22% less. Only someone very naive would think that in the UK health care is free. My personal health care/insurance costs for 2006 were less than $2350 annually according to Quicken, but I'm not sick. This page http://www.abpi.org.uk/statistics/section.asp?sect=4 shows that in 2005, the estimated cost per person in the UK was 1,562 - converting that to USD ... $2231. So exactly who pays less? My health insurance is called a PPO - I select my doctors and pay a co-pay for every visit, then I pay 20% of the total cost until my annual out of pocket limit, $1K, is reached. So for covered costs, my upper limit is $3350 even if I'm really sick. That's a fairly minor cost to my family.

Yeah, but the 50% figure is utterly ridiculous. It is a number made up from an advocacy group dedicated to convincing people in Canada that the government is wasting our money. The "Canadian Taxpayers Federation" can hardly be called an advocate of honest or even relatively sane statistical data.

Here are a few references which show that the Canadian tax burden, while somewhat higher than the US, is nowhere near 50%...

http://www.parl.gc.ca/information/library/PRBpubs/ prb05107-e.htm#figure2
http://www.infoplease.com/ipa/A0922307.html
http://www.worldwide-tax.com/
http://en.wikipedia.org/wiki/Tax_rates_around_the_ world

From where I sit, any country that takes away 28-51.3% of your personal income s socialist (that figure was second only to Denmark, btw). But then again, I guess I'm just an ignorant redneck who couldn't afford a plane ticket to Germany in the 80's, as I was still in high school.

Please, educate me. What country, or countries in the world would YOU consider to be Socialist?

By the way, if all the Scandinavian countries are such a paradise, why are you in Florida?

Today, we're practically a socialist country.

Either you have no idea what socialism means, or you're wilfully misusing the term.

The US is presently at the opposite pole from socialism, you'd do better to choose fascism (in the sense of govt being close to corporations) if you wish to exaggerate. Taxes are currently relatively low in the US. I still wouldn't want to live there though, because healthcare and education don't seem to be government priorities (relative to the UK for example). Military spending, in contrast, is at an all time high. Not all government is bad, contrary to received wisdom on this website.