PARIS — The tax burden on Western workers’ earnings climbed in 2010 for the first time in years, a trend that could put at risk long-term prospects for employment and economic growth, an international organization said Wednesday.
A report from the Organization for Economic Cooperation and Development, “Taxing Wages,” showed that the “tax wedge” — the average tax and social security burden on incomes — rose last year in 22 of the organization’s 34 member states. It was the first time that the overall burden had risen since the O.E.C.D. started collating such data a decade ago.
Regardless of country, politicians just can’t let go, can they?
Rather than increasing taxes and squeezing more blood from a stone, how about manning-up and reducing spending?