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No. 110642
ID: e9b3d2
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There are two different yardsticks for comparing tax burdens in different countries. One was tax revenue as a percentage of gross domestic product. The other was tax revenue per capita. Both measures are calculated by the Organization for Economic Cooperation and Development, a group of 34 advanced industrialized nations.
PolitiFact National has found that for both measurements, many of the United States’ industrialized peers had higher levels of taxation in 2013, the most recent year for which data are available.
Taxes accounted for about 25 percent of the United States’ GDP -- placing the U.S. 27th out of 30 countries studied. The five with the highest percentages were Denmark, France, Belgium, Finland and Sweden, each of them with taxation accounting for more than 42 percent of gross domestic product. Only South Korea, Chile and Mexico had lower levels of taxation per GDP than the United States.
When looking at tax revenue per capita, the United States ranks somewhat higher but still far from the top.
Taxes per capita in the United States totaled $13,482, according to the OECD data. That ranked 16th out of 29 countries for which data were available for 2013. The five with the highest per-capita amounts were Luxembourg, Norway, Denmark, Sweden and Switzerland, with amounts ranging from $23,000 to $48,000. Eleven countries had per-capita amounts less than $10,000, including Hungary, Chile and Turkey, the bottom three on the list.
While it probably makes the most sense to compare the United States with other advanced, industrialized nations, there is one additional data source that includes the full roster of countries. In the World Bank’s comparison of 115 countries for 2012, the U.S. ranked 12th from the bottom in taxation as a percentage of GDP. Among the countries with lower percentages were two OECD members (Japan and Spain), some wealthy oil-producing nations (Oman and Kuwait), and a handful of very poor countries (including Afghanistan and the Central African Republic). http://www.politifact.com/virginia/statements/2015/oct/20/donald-trump/trump-says-us-has-highest-tax-rate-anywhere-world/
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