Wednesday, April 10, 2013

Taxes too high?

Looking at the percent of GDP represented by taxes, compared to other OECD countries, the U.S. was the third least taxed country in the OECD.  Only Chile and Mexico collect less taxes as a percentage of GDP. 

In 2010, the total (federal, state and local) tax revenue collected in the U.S. was equal to 24.8% of the U.S.’s GDP; the average for other OECD countries was 33.4%.  Denmark topped the list at 47.6%

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