Dec
11

Tiny Taxes

At 24.3% of GDP, the US tax burden is lower than all but three OECD (36 western democracies) nations; Chile, Ireland and Mexico. The US tax rate is exactly 10 percentage points lower than the OECD average rate. In 2000, before the Bush tax cuts, US taxes were 28.3% of GDP, 5.5 percentage points below the OECD average. Taxes in France and Denmark are now nearly double the US rate.

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