Today the U.S. House of Representatives debated H.R. 4, the Jobs for America Act. Among addressing multiple issues, the bill would make permanent Section 179 small business expensing, 50 percent expensing, and repeal the...
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- 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.
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