OECD TAX RATE FOR COUPLES BY COUNTRY WITH SOCIALISM ON THE RISE - THE HIGHEST TAX BURDEN OF 48.8% FROM BELGIUM TO THE LEAST FROM CHILE 6.6% WITH THE US AT 26.9% AND KOREA 19.2%–ONE CAN ONLY DREAM THAT A FAMILY CAN SPEND ITS OWN HARD EARNED MONEY AND NOT NEED TO PAY TO THE STATE FOR SOCIALISTIC MEANS–AS THE LIBERAL SOCIALIST GET TO CONTROL WHO GETS PAID TO STAY IN POWER

South Korea's tax burden ratio fell for the second consecutive year in 2014, hovering well below the average for member states of the Organization for Economic Cooperation and Development, data showed Sunday.

The nation's tax burden ratio, or the percentage of total national and local taxes to current gross domestic product, came to 17.8 percent last year, down 0.1 percentage point from the previous year, according to the data by the finance ministry, the central bank and provincial governments.

It marks the second consecutive year of decline. The ratio declined to 17.9 percent in 2013 from 18.4 percent a year earlier.

In its mid-term fiscal management plan, the finance ministry has predicted that the nation's tax burden ratio will likely drop further to 17.5 percent this year.

The ministry projects the ratio to increase to 17.9 percent by 2018 if the nation's tax revenue increases on an economic recovery and the regularization of the so-called underground economy.

According to the data, South Korea's tax burden ratio hovers far below the average 25.8 percent for the OECD members, with the comparable figure for Sweden and other North European nations far exceeding 30 percent.

http://www.koreaherald.com/view.php?ud=20150426000047

http://www.oecd.org/tax/tax-policy/taxing-wages-20725124.htm