Interesting graphic article today discussing tax rates in many developed countries, from the Organization for Economic Cooperation and Development.
The general takeaway of the report is that taxes have increased globally — they now amount to 36% of Gross Domestic Product of the world’s developed nations.
While we hear lots of noise as to the tax burdens in the U.S., let’s see how we compare to the rest of the world:
Look at how over-taxed we are in the United States:
So either the entire planet is vastly over taxed — or we here in USA, speaking relatively, aren’t shouldering such a bad tax burden after all . . .
OECD countries’ tax burdens back up to 2000 historic highs
Table A. Total tax revenue as percentage of GDP
Table B. Taxes on General Consumption as percentage of GDP http://www.oecd.org/dataoecd/44/43/39495009.pdf
Table C. Tax structures in the OECD-area
Taxes in Developed Nations Reach 36% of Gross Domestic Product
DAVID CAY JOHNSTON
NYT, October 18, 2007