Fiscal Cliff 'Plan B': Boehner Floats Alternative Idea To Keep Taxes From Rising On Most Americans On Jan. 1
Tuesday, December 18, 2012
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.
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Read the Article at HuffingtonPost
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