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Bingo. And (as much as this crowd hates to admit it) the US undertaxes the middle class and poor to an incredible amount compared to other first world countries
by SideQuark 4y ago
Bingo. And (as much as this crowd hates to admit it) the US undertaxes the middle class and poor to an incredible amount compared to other first world countries.
OECD tax vs GDP [1]
OECD rates US most progressive [2] (the rich pay more of the tax base, even when relative to their share of income).
[1] https://www.oecd.org/coronavirus/en/data-insights/tax-to-gdp-ratios https://www.oecd.org/coronavirus/en/data-insights/tax-to-gdp...
[2] https://taxfoundation.org/news-obama-oecd-says-united-states-has-most-progressive-tax-system/ https://taxfoundation.org/news-obama-oecd-says-united-states...
- comte7092 4y agoYour second citation is pretty out of date, and it is pretty lacking in methodology. For instance, does it include payroll taxes? Because that would skew the data pretty significantly.
- SideQuark 4y agoOECD data includes payroll taxes (and all relevant taxes in each country). You can dig around on their site to find their tax data and methodology. If you don't like the date, also dig around on their site to find anything up to date you like. The point I made is correct - and it's well backed by the OECD databases.