2 ms·
Am I wrong or do USA have an extreme discrepancy between government spending and tax revenue? Isn't it strange that the American Government is spending 38% of g
by username90 7y ago
Am I wrong or do USA have an extreme discrepancy between government spending and tax revenue? Isn't it strange that the American Government is spending 38% of gdp, but only collecting 27% of gdp in taxes?
Compare Japan with USA
Japan tax pressure: 35.9%.
USA tax pressure: 27.1%
Japan gov spending: 38.9%
USA gov spending: 38.0%
As you can see to a naive person it might look like Japan has a much bigger government than USA, but they are actually very similar.
https://tradingeconomics.com/united-states/government-spending-to-gdp https://tradingeconomics.com/united-states/government-spendi...
https://tradingeconomics.com/japan/government-spending-to-gdp https://tradingeconomics.com/japan/government-spending-to-gd...
https://en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_to_GDP_ratio https://en.wikipedia.org/wiki/List_of_countries_by_tax_reven...
https://ourworldindata.org/grapher/historical-gov-spending-gdp?time=1880..2011&country=DEU+JPN+SWE+CHE+GBR+USA https://ourworldindata.org/grapher/historical-gov-spending-g...