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Taxing themselves out of growth. Effectively their tax rates are too high on individuals and business that there is no incentive to spend or grow. Similar reaso

• Karunamon 11y ago
  We've got the fourth lowest tax rate among OECD convention countries (if we're looking at taxes vs GDP). Look at it from a perspective of rates on $100k gross income, and we're still not even in the top 50%. I don't think any US economic issues can be laid at the feet of our tax rates with that in mind. Interestingly enough, Japan is usually only 3 positions above us in Tax/GDP, and 9 positions above us in Tax/$100K, which calls the thesis of this article into question...
  • blisterpeanuts 11y ago
    US corporate tax rates are the highest among developed countries, however. Capital gains are also taxed higher in the U.S. than most other OECD countries. Perhaps it all balances out between lower personal and higher corporate; I don't know. But there are so many other factors involved--debt, military activity, outsourcing trends, health and fitness, weather--that one can't realistically call out taxation as a major cause of macroeconomic trends.