Wednesday, April 13, 2016

Who pays what in taxes?

There is not a week when I'm not asked how US taxes compare to those of my native France. What I know is that we don't pay nearly enough in taxes to cover our government profligate spending! If that were not the case, we'd have a balance budget and no debt.

Well, I found that chart, and even though it's from 2012, it tells the story well.

The table compares income and profits taxes, social taxes to pay for retirement disability and health programs, property taxes and goods and services taxes (mostly know under the form of sales tax or VAT).

Out of the 35 nations listed, the USA stand... 33rd! I didn't realize that we were a tax heaven (for the wealthier of us, of course!)

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