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American Exceptionalism Re-Revisited: OECD Taxes/GDP Since 1965

Steve Roth | April 26, 2015 10:56 am

Politics
Taxes/regulation
US/Global Economics

The OECD has posted this measure for most countries for 2013, so I thought I’d update this chart. It pretty much speaks for itself.

Screen shot 2015-04-26 at 9.54.22 AM

Cross-posted at Asymptosis.

Comments (10) | Digg Facebook Twitter |
10 Comments
  • run75441 says:
    April 26, 2015 at 1:21 pm

    Steve:

    I assume this mostly revenue from taxes? which if so, may illustrate another talking point.

  • Denis Drew says:
    April 26, 2015 at 2:21 pm

    Sorry for the side question — I’ve been trying to look this up. I know about 65% of income goes to retail and about 25% to taxes. I can’t remember for the life of me what the other appox 10% goes to — forget where I saw it. Anybody? Please. 🙂

  • Kai-HK says:
    April 26, 2015 at 3:04 pm

    Excellent news! The US tax collection is on par with Switzerland (and Australia), by no means a slouch in services provided by the government…so the point shows that the US has a spending priority problem. No need for more taxes, just more efficient spending.

    K

  • rjs says:
    April 26, 2015 at 7:26 pm

    shooting in the dark at your question, Denis, but could you be refering to the fact that personal consumption expeditures make up 68% of GDP? of course that’s not all retail, and frankly i dont know of any way that 65% of income could go to retail…

  • rjs says:
    April 26, 2015 at 7:34 pm

    here is the full release and tables of the monthly income and outlays report from the BEA: http://www.bea.gov/newsreleases/national/pi/2015/pdf/pi0215.pdf

    but dont read the text, it will just confuse you…all the dollar amounts are at an annual rate but the percentages that refer to them are month over month changes…i got them to add a footnote, but it’s still nearly inscrutable…

  • Denis Drew says:
    April 27, 2015 at 9:11 am

    Thanks Rjs. I will plow through it. 🙂

  • JF says:
    April 27, 2015 at 11:37 am

    March 2015 Policy Brief from Peterson and J F Kirkegaard is broader in scope and shows a treatment of the tax-expenditure policies.

    But also note that the US population is continuing to rise and a per capita view of revenues would be informative and make the US revenue system even less robust than shown here.

    SO, the US revenue system makes the US the champion in a competition on the basis of inter-jurisdictional tax competition. Kirkegaard’s paper indicates similar social spending, though tax-expenditures are less efficient and favor those of means in the US, while the revenue systems collect 13% less than these other countries.

    I’ve studied this for quite some time, it seems obvious to me that the US could increase the collections obtained from its revenue systems many percentage points and the US would still be the place in which a rich person would want to live (in order to avoid contributing as much to the financing of govt, that is).

  • Beverly Mann says:
    April 27, 2015 at 1:05 pm

    Yes, Kai-HK! We should model our military spending after Switzerland’s and Australia’s! And our healthcare system after theirs, too. Especially for seniors!

    More cost efficient military might! And a more cost-efficient healthcare system!

    You go, guy!

  • Kai-HK says:
    April 28, 2015 at 3:51 am

    Beverly, would not totally disagree… I would argue that military spending should even be LOWER than theirs.

    K

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