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United States Ranks At The Bottom In Total Taxation

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sasha031 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-04-11 07:32 PM
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United States Ranks At The Bottom In Total Taxation


The statistics in this article creates a problem for Republicans who consistently blame taxes going up as a reason for job loss and credit taxes going down as a reason for job creation. It turns out that out of all 34 OECD countries, the United States ranks 32nd out of 34 in the world, only 2 countries have lower taxes than the United States, and they are Mexico and Chile. The highest taxed country in Denmark at 48.2% but has an unemployment rate of 4.3% in 2009

The United States citizens’ total tax bill equals 24% of GDP in 2009. The 2009 statistics is still relevant today, because the US tax code has not really changed overall. In fact the GDP of the United States has actually grown since 2009, thus today’s percentage of taxation to GDP ratio is even smaller.

Measuring taxation in parallel to GDP is a good analogy because the Republican and conservative argument that every dollar that is taxed is dollar taken out of circulation in the economy, thus halts job growth. This of course is a false premise to begin with, but we will use their own logic in this article.
http://www.politicususa.com/en/united-states-total-taxation
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Curmudgeoness Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-04-11 07:39 PM
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1. I am sure that the US is at the bottom for social programs too.
In the high tax countries, they are also getting more for their money. And less money out of their pockets for things like health care and medications. Add to your tax bill all the other costs you pay that they do not have to worry about, and see if we are "at the bottom" for total money expended for the same things.
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