Taxes in the United States claim just over 30 percent of the GDP. Most western industrialized nations have tax revenues that are a(n) __________ share of GDP.

Question

Quizplus · Accepted Answer

Most western industrialized nations have higher tax revenues as a share of GDP compared to the United States. For example, according to data from the Organization for Economic Cooperation and Development (OECD), the average tax revenue as a share of GDP among its member countries was 34.3 percent in 2019, while the United States had a tax revenue share of 24.5 percent.

Taxes in the United States Claim Just Over 30 Percent