It’s April and tax season! Watch the US income tax rate stack up…

Answer: Germany (45%), United States (37%), Mexico (35%)

To ask:

Why do you think taxes differ so much between countries? What are other ways a country can collect taxes other than income tax? Which country do you think offers the most benefits and services for its citizens? Explain.

Here are the ready-made slides for this Question of the Day that you can use in your classroom.

Behind the numbers (World Population Review):

“Taxes come in many forms, including sales taxes, income taxes, property taxes, estate and estate taxes, excise taxes, and more. In addition, tax rates and regulations vary widely from country to country, and even within different parts of the same country. For example, most US states levy a form of income tax, but an individual state’s income tax rate can range from 1% to 13.3%. In addition, seven states (Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming) do not collect any state income tax at all , and two more (New Hampshire and Tennessee) tax interest and dividend income, but no wages or salaries.

Likewise, most US states charge a state tax, but some do not. However, states with no sales tax or income tax can add or increase other taxes to make up for the shortfall, such as introducing higher real estate tax rates. Finally, most governments that levy taxes charge different percentages based on the income or type of goods being taxed. For example, a person who earns $40k per year can pay 12% in income tax while their neighbor who earns $200,000 pays 25% or more. Likewise, the sale of basic necessities such as groceries is typically taxed at a much lower rate than the sale of luxury items such as tobacco products or a new car. For this article, we compare three main types of taxes: personal income tax, corporate income tax, and sales tax.”

Take a look at the tax authorities!

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About the author

Mason Butts

After graduating from UCLA with a Masters in Education, Mason spent 5 years as a science teacher at a public high school in South Los Angeles. He is committed to supporting the holistic growth of all students and enabling them to live lives of relational, academic and financial success. Now based in the Bay Area, Mason enjoys facilitating professional development and partnering with educators to prepare students for a bright financial future. When Mason isn’t creating a curriculum or planning a workout, he can ride a bike, try new foods, and explore the great outdoors.

This post QoD: Sort countries by tax rates – United States, Germany, Mexico

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