Click on a language flag to translate this blog:

Saturday, April 11, 2009

A taxing time?


Don't feel so bad. Forbes magazine has an interesting ARTICLE comparing US tax rates to that of other countries.

"Total taxation (federal, state and local) amounted to 28% of the GDP in the U.S. in 2006. Only four of the 30 OECD countries had a lower tax ratio. Taxes averaged 35.9% for the OECD as a whole and 38% in Europe. Citizens of Denmark and Sweden paid very close to 50% of their total income in taxes...

...Federal revenues as a prececent of GDP will be the lowest since 1950...

...Only 4 OECD countries, Japan, Korea, Turkey and Mexico, had lower tax rates than the US."

No comments:

Post a Comment