Iceland vs United States: Tax rate on low wage earners - tax wedge on labour costs
Iceland
27.7 Rate
in 2023
United States
27.5 Rate
in 2023
Iceland rank
36th
United States rank
37th
Tax rate on low wage earners - tax wedge on labour costs over time
- Iceland
- United States
How they compare
Iceland currently reports 27.7 Rate against 27.5 Rate in United States, a difference of 0.2 Rate.
The two have swapped places 3 times across 24 shared years of data; in 2000 it was United States ahead.
Iceland ranks 36th and United States ranks 37th of 44 countries.
Across the 3 decades both report, Iceland averaged higher in 2 and United States in 1.
Head to head by decade
| Decade | Iceland | United States | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 26.7 Rate | 28.6 Rate | 1.9 Rate | United States |
| 2010s | 29.59 Rate | 28.55 Rate | 1.04 Rate | Iceland |
| 2020s | 28.18 Rate | 25.88 Rate | 2.3 Rate | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax rate on low wage earners - tax wedge on labour costs, Iceland or United States?
- Iceland, at 27.7 Rate against 27.5 Rate in United States as of 2023.
- What is the difference in tax rate on low wage earners - tax wedge on labour costs between Iceland and United States?
- 0.2 Rate, with Iceland ahead.
- How many years of comparable data are there for Iceland and United States?
- 24 years are reported by both, from 2000 to 2023.
- How do Iceland and United States rank globally for tax rate on low wage earners - tax wedge on labour costs?
- Iceland ranks 36th and United States ranks 37th of 44 countries.
- Where does this data come from?
- Eurostat, published as Tax rate on low wage earners - tax wedge on labour costs. Statizoid refreshes it automatically from the source and publishes the full history for both places.