Taxation is one of the biggest financial talking points because it affects everybody. From business owners working on their strategies through to people on welfare, tax is a part of life, and of course pays for a lot of things we need as a society.
In the US, we have a wide range of both state and federal taxes, and while many other countries don’t have the state level of tax control and pay the same rates of things like income tax or VAT wherever they live, just about every country taxes similar things. An infographic produced for students undertaking an online master of science in analytics provides an interesting look at tax rates in different countries, and how they compare to what we have to pay.
This taxation infographic was made by the MSA program online at Villanova University, but is useful for anyone interested in the differences in tax around the world.