the united states has the 2nd lowest level of taxation of OECD countries

[ElFenix]

provisional numbers for 2003 are out. the US for all taxes as a percentage of GDP is 25.4%. the only country lower is mexico, at 19.5%. income and profit taxes fell to 10.9% of GDP.

in comparison tax rates in 2000, the highest year i have in front of me, were 29.9% and 15.1%.

 

[Amused]

Originally posted by: ElFenix
provisional numbers for 2003 are out. the US for all taxes as a percentage of GDP is 25.4%. the only country lower is mexico, at 19.5%. income and profit taxes fell to 10.9% of GDP.

in comparison tax rates in 2000, the highest year i have in front of me, were 29.9% and 15.1%.

This is federal income taxes only? Because it obviously is not including local, state and sales taxes. Or fees, for that matter.

 

[ElFenix]

Originally posted by: Amused

Originally posted by: ElFenix
provisional numbers for 2003 are out. the US for all taxes as a percentage of GDP is 25.4%. the only country lower is mexico, at 19.5%. income and profit taxes fell to 10.9% of GDP.

in comparison tax rates in 2000, the highest year i have in front of me, were 29.9% and 15.1%.

This is federal income taxes only? Because it obviously is not including local, state and sales taxes. Or fees, for that matter.

 

[conjur]

Tax revenue as a % of GDP is at 40-year lows according to the CBO.

 

[Amused]

Originally posted by: ElFenix

Originally posted by: Amused

Originally posted by: ElFenix
provisional numbers for 2003 are out. the US for all taxes as a percentage of GDP is 25.4%. the only country lower is mexico, at 19.5%. income and profit taxes fell to 10.9% of GDP.

in comparison tax rates in 2000, the highest year i have in front of me, were 29.9% and 15.1%.

This is federal income taxes only? Because it obviously is not including local, state and sales taxes. Or fees, for that matter.

Can I see the link? Somehow I think these are federal only. As in "all federal taxes."

 

[assemblage]

Originally posted by: Amused

Originally posted by: ElFenix
provisional numbers for 2003 are out. the US for all taxes as a percentage of GDP is 25.4%. the only country lower is mexico, at 19.5%. income and profit taxes fell to 10.9% of GDP.

in comparison tax rates in 2000, the highest year i have in front of me, were 29.9% and 15.1%.

This is federal income taxes only? Because it obviously is not including local, state and sales taxes. Or fees, for that matter.

Does it?

 

[ElFenix]

Originally posted by: Amused

Can I see the link? Somehow I think these are federal only. As in "all federal taxes."

i've got a hard copy in front of me.

edit: found pdf table online
article to go along

 

[Amused]

Originally posted by: ElFenix

Originally posted by: Amused

Can I see the link? Somehow I think these are federal only. As in "all federal taxes."

i've got a hard copy in front of me.

What's the source?

 

[nakedfrog]

But that's okay, because lower taxes help the economy and generate more tax revenue. Or so I hear.

 

[assemblage]

Source is OECD. I think it's only federal tax. % = total federal tax collected / gdp but I can't tell for sure.

"The United States, for example, saw a reduction of 4.5 percentage points in its tax-to-GDP ratio, from 29.9% to 25.4%"

 

[PrinceofWands]

I'm also curious if those other nations are predominantly 1 or 2 or more income families. I'd much rather pay 40% tax with only 1 person needing to work, than have 2 people paying 30% to earn the same quality of life. I think the need for 2 income families is the real threat to America, not individual tax percentages.

 

[CPA]

Good.

 

[tallest1]

Originally posted by: nakedfrog
But that's okay, because lower taxes help the economy and generate more tax revenue. Or so I hear.

If it works for Mexico, it'll work for us

 

[assemblage]

Originally posted by: tallest1

Originally posted by: nakedfrog
But that's okay, because lower taxes help the economy and generate more tax revenue. Or so I hear.

If it works for Mexico, it'll work for us

Sounds like you are advocating higher taxes.

 

[Infohawk]

How are we doing in the primary education rankings?

 

[Dissipate]

These numbers are somewhat meaningless. The reason why is that taxes are not the only thing that affect economic freedom, regulations affect economic freedom as well. In this respect, regulations are really just a tax. They impose costs on businesses and stifle economic activity and prosperity.

For instance, a government could have a tax rate of 0%, but then pass a law that all economic activity was punishable by death. Just looking at the tax rate you would think "Wow," when in fact it is the regulation that ceases all economic activity, turning my tax haven utopia into a North Korea.

 

[irwincur]

Good.

Seconded.

 

[Amused]

I've read both documents and still believe these are federal taxes only.

I need more info.

 

[ElFenix]

Originally posted by: Infohawk
How are we doing in the primary education rankings?

red herring; but to address your concern: throwing money at education hasn't been shown to improve it. improving education starts at home.

 

[Czar]

thats what is soo strange about the US
the people there care most about two things, how much they pay in taxes and how much they pay for gas

but when you compare both of these figures then they are among the lowest possible

 

[cKGunslinger]

Originally posted by: ElFenix

Originally posted by: Infohawk
How are we doing in the primary education rankings?

red herring; but to address your concern: throwing money at education hasn't been shown to improve it. improving education starts at home.

Indeed, just look at the schools in DC.

 

[ElFenix]

Originally posted by: Czar
thats what is soo strange about the US
the people there care most about two things, how much they pay in taxes and how much they pay for gas

but when you compare both of these figures then they are among the lowest possible

things are so nice here that we only have the little things to worry about

 

[Czar]

Originally posted by: ElFenix

Originally posted by: Czar
thats what is soo strange about the US
the people there care most about two things, how much they pay in taxes and how much they pay for gas

but when you compare both of these figures then they are among the lowest possible

things are so nice here that we only have the little things to worry about

hehe, maybe, but I think its more about where the priorities lie

 

[Amused]

Originally posted by: Czar
thats what is soo strange about the US
the people there care most about two things, how much they pay in taxes and how much they pay for gas

but when you compare both of these figures then they are among the lowest possible

Maybe taxes and gas (the difference in gas prices among countries is really just taxes) are lower here BECAUSE we care so much???

 

[ElFenix]

Originally posted by: Czar

Originally posted by: ElFenix

Originally posted by: Czar
thats what is soo strange about the US
the people there care most about two things, how much they pay in taxes and how much they pay for gas

but when you compare both of these figures then they are among the lowest possible

things are so nice here that we only have the little things to worry about

hehe, maybe, but I think its more about where the priorities lie

we probably wouldn't bitch so much about taxes if the government wasn't a giant festering wound.