How we rank compared to other countries
I did some research of taxation and Gross Domestic Product’s of different countries from two perspectives – one, what percentage of the GDP originates from government spending, and what percentage of gross income is paid in taxes. Here are the results:
Of the 177 countries I looked at, the United States is one third down the list –
Country | Tax burden % GDP | Govt. expend. % GDP |
United States | 26.9 | 38.9 |
This mean that our country receives taxes of 26.9% of everything produced in the US, and spends 38.9% of the GDP. Now you know why we’re going bankrupt.
Compare this to Switzerland, a country know for its stability –
Switzerland | 29.4 | 32 |
They tax a little higher, but the Swiss government spends a lot less… just a little more to create a small amount of inflation, that’s considered good for its economy. That’s 8.8% more, versus 44.6% for us. In that single number you know why we’re failing. Our government is spending far in excess of its income.
But wait there’s more –
This spreadsheet image of the top twenty five in both categories. You’ll see which countries are burdening their citizens both taxes, and also government expenditures.