The Washington Post has denounced the inclusion of bonus depreciation in the just-passed tax extenders bill for 2014. The correct term is “partial expensing.” There is nothing “bonus” about it. The...
- The Tax Policy Blog
- Taxes Per Person in the United States
Taxes Per Person in the United States
From Mankiw's blog:
Here are the results for some of the largest developed nations:
.461 x 33,744 = 15,556
.406 x 34,219 = 13,893
.390 x 35,165 = 13,714
.282 x 46,443 = 13,097
.334 x 38,290 = 12,789
.426 x 29,290 = 12,478
.373 x 29,527 = 11,014
.274 x 32,817 = 8,992
The bottom line: The United States is indeed a low-tax country as judged by taxes as a percentage of GDP, but as judged by taxes per person, the United States is in the middle of the pack.
Subscribe to the Tax Foundation Newsletter
Join the Tax Foundation's fight for sound tax policy Go
About the Tax Policy Blog
The Tax Policy Blog is the official blog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.