Obama's Planned Increase in Tax Rate Contrary to International Trend

The KPMG income tax study is found here in a PDF format.

"We have concentrated on the highest rates of tax payable to central government in each country, and for ease of comparison we have, where possible, excluded other taxes like social security contributions, municipal taxes and employment taxes.

"The picture that emerges is of a slow global decline in top rate personal income taxes, from an average of 31.3% in 2003 to 28.8% in 2008. But this conceals some very different tax histories at a regional and country level."

Reported by Paul L. Caron of TaxProf Blog.

Dr. Paul L. Caron is the Associate Dean of Faculty and Charles Hartsock Professor of Law at the University of Cincinnati College of Law.