How High-Tax Countries Tax

February 20, 2019  —  By

There are nations on this earth that tax their citizens far more heavily than the U.S. does. The top spots on the Organization for Economic Cooperation and Development’s rankings of tax revenue as a percentage of gross domestic product in 2017 were held by France (46.2 percent), Denmark (46 percent), Belgium (44.6 percent), Sweden (44 percent) and Finland (43.3 percent).

The U.S. tax burden was 27.1 percent of GDP, ranking it 31st among the 36 members of the OECD, the club of the world’s affluent democracies. That 27.1 percent includes state and local taxes; it doesn’t factor in the big tax cuts signed into law by our President in December 2017.

To Read More