Oct
12

Tolerable Taxes

tax-burdenAmong the 33 major democratic industrialized nations, the average tax burden, including all federal, state and local taxes, is 34.4% of GDP. The highest tax-burdened nation is Denmark, where taxes are an amazing 50.9%. Next comes France at 45.2% and Belgium at 44.7%. The least taxed nation is Mexico at 19.7%, followed by Chile at 19.8%, South Korea at 24.6%, and then the relatively lightly taxed USA at 26%.

Share This Post
Facebook Twitter Email

Speak Your Mind

*