4 ms·
https://taxfoundation.org/consumption-tax-policies/ https://taxfoundation.org/consumption-tax-policies/ [..] Consumption taxes provide a major source of revenue
by jelliclesfarm 5y ago
https://taxfoundation.org/consumption-tax-policies/ https://taxfoundation.org/consumption-tax-policies/ [..] Consumption taxes provide a major source of revenue in OECD countries. On average in 2019, consumption taxes made up 32.3 percent of total revenues in OECD countries. In Chile, 53.1 percent of total revenues were from consumption taxes while in the United States, consumption taxes accounted for just 17.6 percent of total tax revenue.
When measured as a share of GDP, Hungary leads OECD countries with consumption taxes measuring 16.2 percent of GDP. The United States is again at the low end with consumption taxes raising 4.3 percent of GDP.[..]