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
United States of America currently reports 40.83 Percentage of labour costs against 40.26 Percentage of labour costs in Iceland, a difference of 0.57 Percentage of labour costs.
The two have swapped places 3 times across 26 shared years of data; in 2000 it was Iceland ahead.
Iceland ranks 20th and United States of America ranks 19th of 29 countries.
Across the 3 decades both report, Iceland averaged higher in 1 and United States of America in 2.
Head to head by decade
| Decade | Iceland | United States of America | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 39.2 Percentage of labour costs | 37.94 Percentage of labour costs | 1.26 Percentage of labour costs | Iceland |
| 2010s | 41.76 Percentage of labour costs | 42.71 Percentage of labour costs | 0.9486 Percentage of labour costs | United States of America |
| 2020s | 40.1 Percentage of labour costs | 40.8 Percentage of labour costs | 0.6955 Percentage of labour costs | United States of America |
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?
- United States of America, at 40.83 Percentage of labour costs against 40.26 Percentage of labour costs in Iceland as of 2025.
- What is the difference in personal income tax (pit) and social security contributions (ssc) between Iceland and United States of America?
- 0.57 Percentage of labour costs, with United States of America 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 19th 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) - marginal rates on gross wage earnings — Tax wedge. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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 AW/APW. Related topics: Taxing Wages, Labour taxation, Tax wedge decomposition, Average wage, Income, Household