“When we examine the OECD tax data we observe a few items immediately. The first is that Americans currently pay one of the lowest tax rates. In 2009, America’s tax revenue represented 24.1% of the GDP, ranking it the 32nd lowest out of the 34 OECD countries. The only countries with a lower tax rate were Mexico and Chile. OECD countries with the highest levels of taxation were Denmark, Sweden, Belgium, and France. The average rate for OECD countries was 33.8%, a tax rate of nearly 10% higher than in the US. This lower tax rate goes hand-in-hand with America’s comparatively lower level of social services.”
- Howard Steven Friedman: America’s Comparatively Low Tax Burden
- Howard Steven Friedman: America’s Comparatively Low Tax Burden