SOURCE
OECD Revenue Statistics
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Luciano 18th January 2011 |
Brazil is so high that you can't see him. |
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Johnny 31st January 2010 |
In 2005,the US per capita tax burden was around $2,000. Let's say the average household is 5 individuals, maxing their annual taxes $10,000. The annual medical insurance premiums will also run about $10,000 per year, thus hiding huge additional cost to American taxpayers which is included in the tax payments of most other countries. Adding this extra cost to the US computation of tax as a percentage of GDP would move it from #17 at ~30% to #1 at 60%. Even if these medical costs are paid by employers, they are still an additional cost, equivalent to a "taxation" of the employer. And even if you hiked the per capita tax burden to $3,000 (household tax $12,000) the US sits around equal #1 with Sweden. Refs:- Total national taxation as %GDP - http://www.nationmaster.com/graph/tax_tot_tax_as_of_gdp-taxation-total-as-of-gdp Total US taxes per capita in 2005 - http://www.census.gov/govs/statetax/05staxrank.html |
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Stephen 31st May 2009 |
I agree with Rick. Deficit spending can trigger inflation, which has the effect of taxing those who save and whose savings decrease in value as a result. |
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Ian Graham Staff Editor 17th March 2005 |
One way to illustrate a country’s average tax burden is Tax Freedom Day. This is the day when the hypothetical typical person has earned enough to pay all their taxes for the year. In 2004, the national Tax Freedom Day in the United States was calculated to be April 11, the earliest date for 37 years. For 2005, the United Kingdom’s Tax Freedom Day is May 31, 2005, three days later than 2004. In Canada, Tax Freedom Day 2003 was June 28, while Denmark’s Tax Freedom Day in 2001 was August 14. Critics say the way Tax Freedom Day is calculated (dividing taxes raised by GDP) exaggerates the amount of tax paid by the middle class. Another distortion is that capital gains tax is counted in the taxation amount but capital gains income is not included as part of the GDP. Budget deficits are also not taken into account. |
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