2 ms·
> > ‘Americans pay less taxes’ is largely a meme with no basis in reality. > No, the UK has a much higher tax burden; the US is significantly below OECD averag
by jjav 3y ago
> > ‘Americans pay less taxes’ is largely a meme with no basis in reality.
> No, the UK has a much higher tax burden; the US is significantly below OECD average, the UK a bit above.
> [0] https://www.oecd.org/tax/tax-policy/revenue-statistics-highl https://www.oecd.org/tax/tax-policy/revenue-statistics-highl...
Rather than contradict the OP's statement, the above document reinforces it. The document only covers taxes identifies as "taxes", which makes the comparison with US apples to organges.
The two huge elephants in the room in the US are health care and higher education both of which are very high cost in the US and both of which have to be paid separately in the US. Whereas in most other countries these are either fully or partially funded by taxes.
For an apples-apples comparison of out of required pocket expenses in the US vs. other countries you need to include health care and education costs.
- pmontra 3y agoAdd pensions to that. Many countries have mandatory state run pension funds (for lack of a better translation, it's late at night here.) People can add their own private pension fund.
- fshbbdssbbgdd 3y agoIf we’re talking about the UK, college has got a lot more expensive there. Cost to run a university is getting more expensive everywhere, the Baumol effect doesn’t discriminate. Some countries subsidize more aggressively than others, but it’s getting harder.