Global Taxes as a Percentage of GDP

Interesting graphic article today discussing tax rates in many developed countries, from the Organization for Economic Cooperation and Development.

The general takeaway of the report is that taxes have increased globally — they now amount to 36% of Gross Domestic Product of the world’s developed nations.

While we hear lots of noise as to the tax burdens in the U.S., let’s see how we compare to the rest of the world:

Look at how over-taxed we are in the United States:


So either the entire planet is vastly over taxed — or we here in USA, speaking relatively, aren’t shouldering such a bad tax burden after all . . .


OECD countries’ tax burdens back up to 2000 historic highs

Table A. Total tax revenue as percentage of GDP

Table B. Taxes on General Consumption as percentage of GDP

Table C. Tax structures in the OECD-area

Taxes in Developed Nations Reach 36% of Gross Domestic Product
NYT, October 18, 2007

Category: Economy, Taxes and Policy

Real World Consequences of Core Inflation Focus

Category: Federal Reserve, Financial Press, Inflation, Taxes and Policy

Property Worsens: Beginning, Middle or End?

Category: Data Analysis, Economy, Psychology, Real Estate

Media Appearance: Kudlow & Company (10/17/07)

Category: Media

WTF Headline of the Day

Category: Data Analysis, Federal Reserve, Inflation, Markets

Strange Inflation News

Category: Data Analysis, Economy, Federal Reserve, Inflation

The Weirdest Product Endorsement Ever

Category: Consumer Spending, Technology

Read It Here First: China’s Next Big Export: Inflation

Category: Financial Press, Inflation

Forex Keynote Speech (Las Vegas)

Category: Data Analysis, Economy, Employment, Markets, Real Estate

Options and Monday’s Lows

Category: Markets, Options, Trading