US Taxes Second Lowest in Developed World

Discussion in 'Economy' started by Toro, Apr 15, 2009.

  1. Toro
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    Toro Diamond Member

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    This data comes from the OECD, specifically this spreadsheet.

    Only Slovakia has a lower tax take relative to GDP than the United States.

    [​IMG]
     
    Last edited: Apr 15, 2009
  2. Indiana Oracle
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    Indiana Oracle The Truth is Hard to Find

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    And... ?
     
  3. Toro
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    Toro Diamond Member

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    And they are the second lowest in the developed world.
     
  4. Iriemon
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    Iriemon VIP Member

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    Based on all the bitching about taxes I've heard from our friends on the right, I expect hordes of them will move to Slovakia.
     
  5. xsited1
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    xsited1 Agent P

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    Are you talking about this?

    Annex Table 30. General government underlying primary balances
    (Surplus (+) or deficit (-) as a per cent of potential GDP)
     
  6. Toro
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    Toro Diamond Member

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    No, it is

    EO84 Annex Tables: Fiscal balances and public indebtedness

    at the bottom of the page.

    The tab in the spreadsheet is Tax & Non-Tax Receipts.
     
  7. neurosport
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    neurosport BANNED

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    i guess that explains why US was the one most concerned with fighting the "evil" communism ...
     
  8. code1211
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    code1211 Senior Member

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    What is the remedy you seek? Do you wish to reduce our GDP to the levels of the others so our obviously much larger tax revenues are put into the proper perspective or should we increase our taxes to the levels of the others as a percent completely eliminating the reward for risk and making our economy a mirror of these other powerhouses?

    Our fiscal crisis is not one based on the low amount of taxes collected. It's based on the outrageous spending. Not a partisan statement. Both parties are spending our money like it has no value. Pretty soon it won't have any value left. I thought that it was interesting that Bush was cited as a free spended.

    The Congress refused to approve 12 months of the Bush budget. When they approved the second have of the fiscal year, they added 8%. That 8% had nothing to do with the TARP or the recovery plan. Soon our taxes and GDP will look just like Sweden's.

    The Chinese are already asking for guarentees on the debt we owe them.
     
  9. xsited1
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    xsited1 Agent P

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    Ah. The original link was blocked at the office.

    It makes the European countries look like socialist countries. Oh, I forgot. They are. :lol:
     
  10. neurosport
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    neurosport BANNED

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    that's pretty scary - it doesn't get much simpler than that !

    almost makes you think Obama won because he only has 4 letters in his name and McCain lost because he had 5 ...
     
    Last edited: Apr 15, 2009

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