Figure 2

Decomposition of net taxes into tax schedule, tax allowances and tax credits. Tax: gross tax payable in the no allowances scenarios (tax schedule); Tax Cred: tax credits; Tax All: net gain due to tax allowances; Net tax: sum of tax schedule, tax allowances and tax credits. All income components are equivalised. Countries are ranked by size of their tax-benefit system. Source: EUROMOD F6.2; version G1.0+ is used for NL.