Friday, Aug. 26, 1966
The Take-Home Game
The newest game people play is called "Take-Home Pay." First, take an executive. Add a wife, two children and a gross annual income of $14,000, and what do you get? In the U.S.--$11,968. A survey of European executives in similar circumstances, conducted by Associated Industrial Consultants of London, shows that the Frenchman plays the game $100 better than his U.S. counterpart. The Norwegian does worst of all. The ranking:
1) France $12,068
2) West Germany 10,682
3) Belgium 10,262
4) U.K. 10,052
5) Ireland 9,912
6) Denmark 8,638
7) The Netherlands 8,386
8) Sweden 8,120
9) Norway 7,168
*Assuming the standard 10% deduction and an average state tax payment of 1.2%.
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