Putting U.S. taxes in perspective | Arkansas Blog

Tuesday, April 15, 2014

Putting U.S. taxes in perspective

Posted By on Tue, Apr 15, 2014 at 8:28 AM

click to enlarge 538_chart.png

The folks at fivethirtyeight.com are celebrating Tax Day with charts and graphs! Above, taxes as a percentage of gross domestic product since 1965. Some context would have been helpful here — to point out the impact of both fluctuations in GDP and changes in tax rates.

Meanwhile, they also feature charts showing that income individual taxes in the U.S. are about average as a percentage of GDP compared to other nations measured by the Organization for Economic Cooperation and Development (OECD), whereas corporate taxes are below average. Check it out. Some wonky fodder, perhaps, for the rally at the Capitol today for tax fairness.   

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