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Yeah, but where do those loophole savings go? They flow to shareholders in the form of earnings, which get taxed again, or to consumers in the form of lower co
by webXL 11y ago
Yeah, but where do those loophole savings go? They flow to shareholders in the form of earnings, which get taxed again, or to consumers in the form of lower costs. You really need to look at total tax revenue per GDP, and we're at the low end of that, but when you consider our high GDP per capita (http://gregmankiw.blogspot.com/2010/03/taxes-per-person.html http://gregmankiw.blogspot.com/2010/03/taxes-per-person.html), we're in the middle of the pack.
We're actually not that stingy on education either:
https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&ctype=b&strail=false&bcs=d&nselm=s&met_s=sp_pop_totl&scale_s=lin&ind_s=false&dimp_c=country:region&met_y=ny_gdp_pcap_cd&scale_y=lin&ind_y=false&met_x=se_xpd_totl_gd_zs&scale_x=lin&ind_x=false&idim=country:BEL&ifdim=country:income_level:OEC&tunit=Y&pit=1300345200000&ind=false&icfg&iconSize=0.33 https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&...