The Countries That Pay The Most Taxes As A Percentage Of GDP | Exploring Markets

The Countries That Pay The Most Taxes As A Percentage Of GDP

Here is a great chart that says a lot about our tax code in America and how it compares to the rest of the world.

Foremost, the USA has the biggest GDP in the world.

We are also, very often, criticized for our personal and corporate tax code. However, what most people fail to remember is that everything is relative in this world. Including taxes. When adjust our taxes as a percent of our GDP you quickly realize that we are paying one of the smallest tax rates compared to any other major nation like Australia, Japan, Ireland, Spain, France, Italy and Canada: