Iceland vs United States of America: Personal income tax (PIT) and social security contributions (SSC)
Personal income tax (PIT) and social security contributions (SSC) over time
- Iceland
- United States of America
How they compare
Iceland currently reports 31.51 Percentage of labour costs against 29.98 Percentage of labour costs in United States of America, a difference of 1.53 Percentage of labour costs.
That makes Iceland's figure about 1.1 times United States of America's.
The two have swapped places 3 times across 26 shared years of data; in 2000 it was United States of America ahead.
Iceland ranks 20th and United States of America ranks 21st of 29 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | United States of America | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 30.83 Percentage of labour costs | 30.53 Percentage of labour costs | 0.2959 Percentage of labour costs | Iceland |
| 2010s | 33.6 Percentage of labour costs | 30.76 Percentage of labour costs | 2.83 Percentage of labour costs | Iceland |
| 2020s | 31.91 Percentage of labour costs | 30.15 Percentage of labour costs | 1.77 Percentage of labour costs | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher personal income tax (pit) and social security contributions (ssc), Iceland or United States of America?
- Iceland, at 31.51 Percentage of labour costs against 29.98 Percentage of labour costs in United States of America as of 2025.
- What is the difference in personal income tax (pit) and social security contributions (ssc) between Iceland and United States of America?
- 1.53 Percentage of labour costs, with Iceland ahead.
- How many years of comparable data are there for Iceland and United States of America?
- 26 years are reported by both, from 2000 to 2025.
- How do Iceland and United States of America rank globally for personal income tax (pit) and social security contributions (ssc)?
- Iceland ranks 20th and United States of America ranks 21st of 29 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Personal income tax (PIT) and social security contributions (SSC) - average and marginal rates on gross wage and earnings — Tax wedge. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The average and marginal personal income tax (PIT) and social security contribution (SSC) rates for a single person without dependent, at various multiples (67%, 100%, 133%, 167%) of the average wage. Related topics: Taxing Wages, Labour taxation, Tax wedge decomposition, Average wage, Income, Household