Tax Facts

Tax Facts (via Tom Schaller):

• The U.S. ranks fifth lowest in tax revenues as a share of GDP among OECD countries; at 28 percent - 20 percent lower than the OECD average
• Federal taxes as a share of GDP have been steady since 1950; at roughly 20 percent
• Income taxes as a share of GDP have also been steady over the same time period
• Only approximately 20 percent of GDP goes to the (federal) public sector