Tuesday, November 22, 2011
Hey, we're not overtaxed
Came across this chart posted on Henry Blodget's blog as he made a comparative point to Americans that their tax revenues could stand to be raised. As Harper et al. push their tax cutting philosophy to the nation, it's helpful to see exactly where Canada ranks among western nations in terms of the taxes we pay as a percentage of our GDP. The U.S. is at just over 20% while we are at just over 30%. Look up the row above us and you'll see the U.K., Germany, France. Look below and you'll see some of those problem nations, Spain, Greece, Ireland and then, again, the U.S.
Facts to note for austerity and tax debates to come. And you go, Denmark. Woot.