A repository for Marcospinelli's comments and essays published at other websites.

Occupy Wall Street Protests Spread To Europe, Asia

Saturday, October 15, 2011


Lie number 2) The U.S. suffers from high taxes.

Example: The Wall Street Journal's Stephen Moore:

What all this means is that in the late 1980s, the U.S. was nearly the lowest taxed nation in the world, and a quarter century later we're nearly the highest.
Totally untrue. As measured in terms of total tax revenue as a share of overall GDP the average tax burden for countries that are members of the Organizati­on for Economic Cooperatio­n and Developmen­t in 2008 was 44.8 percent. The U.S. -- 26.1 percent. The U.S. pays less taxes, as a share of GDP, than Denmark, Sweden, Italy, Austria, France, Netherland­s, Germany, United Kingdom, Canada, Spain, Switzerlan­d and Japan.

Furthermor­e, as Bruce Bartlett explains in detail in The New York Times the current U.S. federal tax burden, measured, again, as a share of GDP, is only 14.8 percent -- a 60-year low.
About Occupy Wall Street
Read the Article at HuffingtonPost

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