us tax revenue as a percent of gdp is 26.0.
us tax revenue as a percent of gdp is 26.0.
us tax revenue as a percent of gdp?
26.0
Na
Na
a country or state's tax burden as a percentage of gdp is the ratio of tax collection against the national gross domestic product (gdp). this is one way of illustrating how high and broad the tax base is in any particular place. some countries, like denmark, have a high tax-to-gdp ratio (as high as 48%, the highest in the world). other countries, like india, have a low ratio. some states increase the tax-to-gdp ratio by a certain percentage in order to cover deficiencies in the state budget revenue. in states where the tax revenue has gone up significantly, the percentage of tax revenue that is applied towards state revenue and foreign debt is sometimes higher. when tax revenues grow at a slower rate than the gdp of a country, the tax-to-gdp ratio drops. taxes paid by individuals and corporations often account for the majority of tax receipts, especially in developed countries.
tax incidence