Question

interactive: international tax rates
now that youve learned more about the taxes we pay in the u.s., see how that compares to tax rates internationally. explore the interactive and answer the questions.

1. which country has the highest tax rate? what is it?

denmark has the highest tax rate at 48%.

1. identify at least one other country with a similar tax rate as the united states.

united states=26.8% is close to namibia=26.9%

1. what do you think would be the advantages and disadvantages of living somewhere with low average tax rates?

advantage: you keep more of your income and paycheck to yourself.
disadvantage: poor quality public areas that are around you.

1. write one takeaway and one question you have after exploring the interactive.

exit ticket
go to schoology and follow the links to complete the exit ticket

Explanation:

Question 1

To determine the country with the highest tax rate, we analyze the interactive data (or general knowledge about international tax rates). Denmark is known to have a relatively high tax rate, and from the given response, it's stated as 48%.

We compare the tax rate of the United States (26.8%) with other countries. Namibia has a tax rate of 26.9%, which is very close to that of the US, so it's a country with a similar tax rate.

• Advantage: When tax rates are low, individuals retain a larger portion of their income. This means more money is available for personal use, such as savings, investments, or discretionary spending.
• Disadvantage: Taxes are a major source of revenue for governments to fund public services (like infrastructure, education, healthcare, and public spaces) and social programs. With low tax rates, the government has less money to invest in these areas, which can lead to poor - quality public amenities and services.

Answer:

Denmark has the highest tax rate, and it is 48%.

Question 2