Tax rate on low wage earners - tax wedge on labour costs in United States of America
United States of America: Tax rate on low wage earners - tax wedge on labour costs was 27.5 Rate in 2023. ▼ Falling
Latest (2023)
27.5 Rate
Change on year
down 1.1%
World rank
37th
of 44 countries
All-time high
29.5 Rate
in 2014
All-time low
23.5 Rate
in 2020
Years of data
24
2000–2023
Tax rate on low wage earners - tax wedge on labour costs in United States of America, 2000–2023
Source: Eurostat. Measured in Rate.
Analysis
In 2023, tax rate on low wage earners - tax wedge on labour costs in United States of America stood at 27.5 Rate.
The figure is down 1.1% on the previous year and down 6.5% over ten years.
Over the whole period, tax rate on low wage earners - tax wedge on labour costs in United States of America peaked at 29.5 Rate in 2014 and was at its lowest, 23.5 Rate, in 2020.
United States of America ranks 37th of 44 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Tax rate on low wage earners - tax wedge on labour costs in United States of America, year by year
| Year | Rate | Change |
|---|---|---|
| 2000 | 29 Rate | — |
| 2001 | 28.9 Rate | -0.3% |
| 2002 | 28.8 Rate | -0.3% |
| 2003 | 28.7 Rate | -0.3% |
| 2004 | 28.7 Rate | +0.0% |
| 2005 | 28.7 Rate | +0.0% |
| 2006 | 28.8 Rate | +0.3% |
| 2007 | 29 Rate | +0.7% |
| 2008 | 27.4 Rate | -5.5% |
| 2009 | 28 Rate | +2.2% |
| 2010 | 28.3 Rate | +1.1% |
| 2011 | 27.8 Rate | -1.8% |
| 2012 | 27.8 Rate | +0.0% |
| 2013 | 29.4 Rate | +5.8% |
| 2014 | 29.5 Rate | +0.3% |
| 2015 | 29.2 Rate | -1.0% |
| 2016 | 29.2 Rate | +0.0% |
| 2017 | 29.2 Rate | +0.0% |
| 2018 | 27.6 Rate | -5.5% |
| 2019 | 27.5 Rate | -0.4% |
| 2020 | 23.5 Rate | -14.5% |
| 2021 | 24.7 Rate | +5.1% |
| 2022 | 27.8 Rate | +12.6% |
| 2023 | 27.5 Rate | -1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 28.6 Rate | 27.4 Rate | 29 Rate | 10 |
| 2010s | 28.55 Rate | 27.5 Rate | 29.5 Rate | 10 |
| 2020s | 25.88 Rate | 23.5 Rate | 27.8 Rate | 4 |
Countries ranked near United States of America
- 35 Greece 30.5 Rate compare
- 36 Iceland 27.7 Rate compare
- 37 United States 27.5 Rate compare
- 39 Malta 26.6 Rate compare
- 40 United Kingdom of Great Britain and Northern Ireland 26.1 Rate compare
- 40 United Kingdom 26.1 Rate compare
More work & labour data for United States of America
- Persons outside the labour force (ILO modelled estimates) 113,208 (2027)
- Labour force participation rate (ILO modelled estimates) 61.24 (2027)
- Labour force (ILO modelled estimates) 178,849 (2027)
- Unemployment rate (ILO modelled estimates) 4.4 (2027)
- Labour dependency ratio 1.05 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 159,991 (2027)
- Output per worker, GDP constant 2015 US $ 141,322 (2027)
- Employment-to-population ratio (ILO modelled estimates) 58.55 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.27 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.3372 % change on previous year (2027)
Frequently asked questions
- What is tax rate on low wage earners - tax wedge on labour costs in United States of America?
- Tax rate on low wage earners - tax wedge on labour costs in United States of America was 27.5 Rate in 2023, according to Eurostat.
- What is the highest tax rate on low wage earners - tax wedge on labour costs recorded in United States of America?
- The highest recorded value was 29.5 Rate in 2014.
- What is the lowest tax rate on low wage earners - tax wedge on labour costs recorded in United States of America?
- The lowest recorded value was 23.5 Rate in 2020.
- How does United States of America rank for tax rate on low wage earners - tax wedge on labour costs?
- United States of America ranks 37th out of 44 countries with data for 2023.
- Is tax rate on low wage earners - tax wedge on labour costs rising or falling in United States of America?
- Over the last ten years it is down 6.5%. The long-run trend across the full record is falling.
- Where does this United States of America data come from?
- The figures come from Eurostat, published as part of Tax rate on low wage earners - tax wedge on labour costs. Statizoid updates them automatically from the source API.
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