USA IS A WORLD LEADER IN TAXING, TAXING AND MORE TAXING-WORLD STATISTICS SHOW USA AS LEADER IN MOST CATEGORIES OF TAXES

As our elected officials ponder additional ways to tax every type of income or asset owned by anybody, or as Hillary Clinton put it..."we tax everything that moves or does not move...", these grim statistics show that the USA is a tough place to do business.

Our tax bite is at or near the top of the world statistics, and therefore it is unlikely that this bodes well for the future economic recovery. A recovery needs to be primed by lower taxes to lure investors and entrepreneurs into investing in new businesses, new plants, etc., and the statistics below are a grim reminder of why the recovery will be longer than predicted.

We are a rich country compared to others, but our government seeks to take a larger and larger total of the wealth of its businesses and citizens, which is not good for its future growth.


AMERICAN TAXATION STATS: Top Stats All Stats

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Components of taxation > Corporate income tax u6.7% [20th of 28]
Components of taxation > Goods and service tax 17.6% [30th of 30]
Components of taxation > Personal income tax 37.7% [5th of 30]
Components of taxation > Property tax 10.1% [3rd of 18]
Contribution by middle 40% 28.4% [13th of 14]
Contribution by poorest 30% 6.3% [9th of 14]
Contribution by richest 30% 65.3% [3rd of 14]
Customs and other import duties > % of tax revenue 1.82 % Time series [48th of 82]
Customs and other import duties > current LCU 25316000000 Time series
Highest marginal tax rate, corporate rate > % 35 % Time series [9th of 108]
Highest marginal tax rate, individual > on income exceeding, US$ 326,450 $ Time series [1st of 93]
Highest marginal tax rate, individual rate > % 35 % Time series [27th of 102]
Tax revenue > % of GDP 11.2 % Time series [65th of 98]
Tax revenue > current LCU 1391230000000 Time series
Taxes on goods and services > % value added of industry and services 0.67 % Time series [84th of 89]
Taxes on income, profits and capital gains > % of revenue 55.26 % Time series [2nd of 98]
Total tax rate > % of profit 46 % Time series [87th of 171]
Total tax wedge > Single worker 30% [21st of 29]
Total tax wedge > Single-income family 19.4% [21st of 29]
Total taxation as % of GDP 29.6 % of GDP [17th of 18]