Thursday, March 01, 2007

Taxing Wages - WSJ.com

Taxing Wages - WSJ.com: "In France, Germany and Belgium the tax wedge is truly expropriating: 50.2%, 52.5% and 55.4%, respectively. The average employee in these three countries takes home less than half of what it costs to employ him. Most of the money goes to the state through income and payroll taxes.
Yet when EU finance ministers met this week and railed against the rising gap between wages and company profits, Europe's enormous tax wedge didn't merit a mention. Corporate greed -- not government greed -- was blamed for the discrepancy."

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