Comparison of US with other countries: Taxes as a share of GDP

[All Along The Watchtower]

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http://www.taxpolicycenter.org/briefing-book/background/numbers/international.cfm

Interesting.

[Sbane]

I think if we need to raise taxes by a good amount, we need to institute a consumption tax. The US already has pretty high income taxes. Though a higher income tax on those making more than 250k would be nice. It won't be a huge revenue generator though. And we need lots more revenues, or cuts, to balance the budget.

[Lief 🗽]

Yeah, but, if we just cut that percentage down another 5% or so, then we'll really start creating jobs again. Promise.

[Roemerista]

The UK obviously needs Francis Urquhart.

[Bacon King]

Interesting comparison here. Countries from both extremes in that chart are at both extremes in this one.

[BigSkyBob]

Hong Kong 13.0%
Taiwan 12.4%
Singapore 14.2%
Korea,S     26.8%

Notice a pattern of which "developed" nations were not including on the list?

[Tender Branson]

Strange chart, and that coming from the OECD.

Austria's debt is currently 71%, not over 80%. Don't know where they got the numbers from.

http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-21102011-AP/EN/2-21102011-AP-EN.PDF

It is projected to remain stable at about 70% in the next years.

[Platypus]

Go team.

[Franzl]

Hong Kong 13.0%
Taiwan 12.4%
Singapore 14.2%
Korea,S     26.8%

Notice a pattern of which "developed" nations were not including on the list?

lol

[Gustaf]

Hong Kong 13.0%
Taiwan 12.4%
Singapore 14.2%
Korea,S     26.8%

Notice a pattern of which "developed" nations were not including on the list?

lol

South Korea is on the list. The others aren't OECD members. Chile is missing from the list though.

[BigSkyBob]

Hong Kong 13.0%
Taiwan 12.4%
Singapore 14.2%
Korea,S     26.8%

Notice a pattern of which "developed" nations were not including on the list?

lol

South Korea is on the list. The others aren't OECD members. Chile is missing from the list though.

http://www.oecd.org/home/0,2987,en_2649_201185_1_1_1_1_1,00.html

Singapore is in fact listed as a member, as is Hong Kong.

Again, notice a pattern of which "developed" countries are not listed?

[anvi]

I think if we need to raise taxes by a good amount, we need to institute a consumption tax. The US already has pretty high income taxes. Though a higher income tax on those making more than 250k would be nice. It won't be a huge revenue generator though. And we need lots more revenues, or cuts, to balance the budget.

True enough.  Other countries with much more comprehensive entitlement regimes finance them largely through much higher consumption taxes and "state" taxes than we have here, rather than through higher marginal rates.  Upward adjusted marginal rates will help, but there's still lots of ground to make up after that.

[Simfan34]

The UK obviously needs Francis Urquhart.

I love you.

EDIT: I thought you said the US... darn.

[Verily]

Hong Kong 13.0%
Taiwan 12.4%
Singapore 14.2%
Korea,S     26.8%

Notice a pattern of which "developed" nations were not including on the list?

lol

South Korea is on the list. The others aren't OECD members. Chile is missing from the list though.

http://www.oecd.org/home/0,2987,en_2649_201185_1_1_1_1_1,00.html

Singapore is in fact listed as a member, as is Hong Kong.

Again, notice a pattern of which "developed" countries are not listed?

Umm... Your link doesn't go anywhere. And, no, Singapore and Hong Kong are not OECD members. Hong Kong isn't even a country. How could it possibly be a member of the OECD?

Chile and Slovenia are the only OECD members missing, but that's understandable as they only joined in 2010.

Also skeptical that total tax receipts in Singapore, Hong Kong and Taiwan are that low, but possibly.

[BigSkyBob]

Hong Kong 13.0%
Taiwan 12.4%
Singapore 14.2%
Korea,S     26.8%

Notice a pattern of which "developed" nations were not including on the list?

lol

South Korea is on the list. The others aren't OECD members. Chile is missing from the list though.

http://www.oecd.org/home/0,2987,en_2649_201185_1_1_1_1_1,00.html

Singapore is in fact listed as a member, as is Hong Kong.

Again, notice a pattern of which "developed" countries are not listed?

Umm... Your link doesn't go anywhere. And, no, Singapore and Hong Kong are not OECD members. Hong Kong isn't even a country. How could it possibly be a member of the OECD?

Chile and Slovenia are the only OECD members missing, but that's understandable as they only joined in 2010.

Also skeptical that total tax receipts in Singapore, Hong Kong and Taiwan are that low, but possibly.

The title of the thread was, "Comparison of US with other countries: Taxes as a share of GDP.," not, "Comparison of US with other OECD countries...."


The reasonable comparison is between the US and other "developed" nations.  If you want to not restrict it to "developed" countries, the list of countries with lower taxes than America is quite large.

[Okay, maybe Mike Johnson is a competent parliamentarian.]

Hong Kong 13.0%
Taiwan 12.4%
Singapore 14.2%
Korea,S     26.8%

Notice a pattern of which "developed" nations were not including on the list?

lol

South Korea is on the list. The others aren't OECD members. Chile is missing from the list though.

http://www.oecd.org/home/0,2987,en_2649_201185_1_1_1_1_1,00.html

Singapore is in fact listed as a member, as is Hong Kong.

Again, notice a pattern of which "developed" countries are not listed?

Umm... Your link doesn't go anywhere. And, no, Singapore and Hong Kong are not OECD members. Hong Kong isn't even a country. How could it possibly be a member of the OECD?

Chile and Slovenia are the only OECD members missing, but that's understandable as they only joined in 2010.

Also skeptical that total tax receipts in Singapore, Hong Kong and Taiwan are that low, but possibly.

The link has a drop box for countries. There there.

How could Hong Kong be a member without being an independent nation? By applying for membership and being admitted?

The drop box doesn't list OECD member states, idiot, it lists countries. North Korea is in the drop box. Bhutan is in the drop box. St Vincent and the Grenadines is in the drop box.

Also, I fixed your spelling.

[BigSkyBob]

Hong Kong 13.0%
Taiwan 12.4%
Singapore 14.2%
Korea,S     26.8%

Notice a pattern of which "developed" nations were not including on the list?

lol

South Korea is on the list. The others aren't OECD members. Chile is missing from the list though.

http://www.oecd.org/home/0,2987,en_2649_201185_1_1_1_1_1,00.html

Singapore is in fact listed as a member, as is Hong Kong.

Again, notice a pattern of which "developed" countries are not listed?

Umm... Your link doesn't go anywhere. And, no, Singapore and Hong Kong are not OECD members. Hong Kong isn't even a country. How could it possibly be a member of the OECD?

Chile and Slovenia are the only OECD members missing, but that's understandable as they only joined in 2010.

Also skeptical that total tax receipts in Singapore, Hong Kong and Taiwan are that low, but possibly.

The link has a drop box for countries. There there.

How could Hong Kong be a member without being an independent nation? By applying for membership and being admitted?

The drop box doesn't list OECD member states, idiot, it lists countries. North Korea is in the drop box. Bhutan is in the drop box. St Vincent and the Grenadines is in the drop box.

Also, I fixed your spelling.

Well, excused me, at every other organization home website "countries" would mean "member countries."

In any case, the thread was entitled, "Comparison of US with other countries: Taxes as a share of GDP." It was not entitled, "Comparison of US with other OECD countries. Taxes as a share of GDP." Given the title of the thread, it is more than appropriate to note the tax rates in all "developed" countries, not just those cherry-picked by membership is a some organization.

[BigSkyBob]

Here are the BRIC countries:

Brazil;         34.4
Russia         36.9
India           17.7
PR of China  17.0


It hardly paints a picture of America being undertaxed, does it?