For example, left-of-centre economists Emmanuel Saez and Thomas Piketty have proposed raising taxes on high earners to 80 percent (Saez & Piketty, 2013). High marginal tax rates on personal income have received renewed interest in recent years. In general, the Nordic and the Western European countries have the highest effective tax rates. The highest marginal tax rate is found in Sweden, 76 percent, and the lowest in Bulgaria, 29 percent. It is a measure of the degree of progressivity and redistribution in the tax system. The top effective marginal tax rate is the total tax paid on the last dollar earned by a high-earning worker, taking social security contributions and consumption taxes into account in addition to income taxes. This report compares top effective marginal tax rates on labour income in 41 OECD and EU countries. This was published in coordination with Timbro and Epicenter.
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