I'm always a little suspicous of someone who tells me to "do some research" while providing no references, links, or numbers that weren't pulled out of their butt, heh. So:
http://www.photius.com/rankings/tax_...anks_2009.html
Demonstarting USA is ranked 48 out of 65 assessed countries in overall tax burden (not limited to just income tax!) Nearly all other OECD, especially the first worlders, have a greater tax burden, and few of them are attempting to, how can I put this neutrally, do what we do with our military.
http://economix.blogs.nytimes.com/20...veloped-world/
Tax revnue as a percentage of GDP
http://www.forbes.com/global/2006/0522/032a.html
Another tax burden assessment, but this one using 2004 data, which is not too far off since Bush II tax cuts came into effect in 2001 and 2003.
So yeah, I think our revenue stream compared to the rest of the developed world is lighter. So how about that tax burden compared to other decades? I have mostly 2010 data, so we shall see how 2011 and the sloooooww recovery impacts them, but for now the numbers are pretty convincing regarding our low tax burden:
US tax burden lowest in 60 years as a percentage of GDP, coming from Bruce Bartlett, Reagan and Bush I economist:
http://economix.blogs.nytimes.com/20...s-high-or-low/
Again, US tax burden lowest point in 60 years, including National, State, and Local taxes:
http://www.upi.com/Business_News/201...4091273594893/
Tax burden as share of national income lowest since 1966:
http://innovationandgrowth.wordpress...t-40-year-low/
That link has the added advantage of showing a table further down that illustrates how much higher the true tax burden would need to be to pay for the deficit. Looks like around 12% to me.
Another lowest in decades:
http://www.usatoday.com/money/perfi/...10-taxes_N.htm
So yeah, circ, I took your advice, and did some research.
Originally Posted by Osteomata
Super VXer
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