US Taxes Lower Than in Most Developed Countries
The Tax Policy Center on Monday released a chart that reminds us once again that taxes are lower in the U.S. than in most developed nations — and that was true even before the Republican tax cuts took effect in 2018.
Drawing on data from the Organisation for Economic Co-operation and Development, which has 36 relatively high-income member nations, TPC said that total tax revenues in the U.S. — including all levels of government — in 2017 came to about 27% of gross domestic product, nearly 10 points lower than the OECD average of 36%.
The U.S. ranks 31st on the measure among the 36 OECD nations. |