Showing posts with label tax revenue. Show all posts
Showing posts with label tax revenue. Show all posts

Monday, August 1, 2011

U.S. Tax Revenue In Context

The following charts show U.S. tax revenues as a percentage of GDP among the member nations of the Organisation for Economic Co-operation and Development (OECD) and historically as a percentage of GDP in the United States. The first chart shows that the United States has the third lowest tax burden of all developing countries. The only nations with a lower tax burden are Mexico and Chile, which provide a significantly lower quality of public goods and services to their citizens than the United States--especially when one considers defense spending. The second chart shows that as a percentage of GDP tax revenues in the United States are lower than at any point in the past 40 years.