Countries With The Lowest Income Taxes
Thursday, Aug 27, 2020, 11:28 am
#7 United States
The USA's economy might be in a state of chaos, but it still has one of the world's largest with over $14 trillion GDP. The USA's total tax loadis about26.9%. Though employees might disagree, US workershave the highest income per hour in a free market economic system. In addition to having low income taxes, the US also offers great programs for senior citizens, some of which include social security, Medicare and Medicaid. Unlike a lot of foreign countries, the US does not have any national sales tax.
