Iceland vs United States of America: Tax rate on low wage earners - tax wedge on labour costs
Iceland
27.7 Rate
in 2023
United States of America
27.5 Rate
in 2023
Iceland rank
36th
United States of America rank
37th
Tax rate on low wage earners - tax wedge on labour costs over time
- Iceland
- United States of America
How they compare
Iceland currently reports 27.7 Rate against 27.5 Rate in United States of America, 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 of America ahead.
Iceland ranks 36th and United States of America ranks 37th of 44 countries.
Across the 3 decades both report, Iceland averaged higher in 2 and United States of America in 1.
Head to head by decade
| Decade | Iceland | United States of America | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 26.7 Rate | 28.6 Rate | 1.9 Rate | United States of America |
| 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 of America?
- Iceland, at 27.7 Rate against 27.5 Rate in United States of America as of 2023.
- What is the difference in tax rate on low wage earners - tax wedge on labour costs between Iceland and United States of America?
- 0.2 Rate, with Iceland ahead.
- How many years of comparable data are there for Iceland and United States of America?
- 24 years are reported by both, from 2000 to 2023.
- How do Iceland and United States of America rank globally for tax rate on low wage earners - tax wedge on labour costs?
- Iceland ranks 36th and United States of America 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.