Rumors of future tax increases continue, but at least from a taxation standpoint. for now, things are not as bad in the United States as other developed countries, according to the findings of a UHY International tax study published June 10, 2011.
|
Country |
Net Amount of a $25,000 salary kept after taxes and social security contribution. |
|
Germany |
72.6% |
|
France |
75.0% |
|
Italy |
75.2% |
|
U. K. |
83.2% |
|
Canada |
84.8% |
|
Russia |
87.0% |
|
U. S. |
90.6% |
|
Japan |
90.8% |
|
Country |
Net Amount of a $200,000 salary kept after taxes and social security contribution. |
|
Italy |
54.1% |
|
Germany |
56.0% |
|
France |
58.8% |
|
U. K. |
60.9% |
|
Canada |
64.7% |
|
U. S. |
69.9% |
|
Japan |
72.0% |
|
Russia |
87.0% |
But things could change. UHY reports that "many governments are facing tough choices as they grapple with record deficits. Achieving a sustainable fiscal position will be difficult without raising taxes, which is a major political issue for many countries as they seek to strike a balance between fiscal responsibility and economic growth."
Increased taxes will make new structured settlements more attractive, even if interest rate stay low. It will also make structured attorney fees, structured celebrity endorsement fees and non qualified structured settlements of taxable damages more attractive. The intrinsic value of existing structured settlements will also improve by virtsue of a higher tax rate.
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