🌐 Global Economy
Mar 3, 2026
How Does the U.S. Tax System Stack Up?
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The Issue:
In spite of numerous reform efforts since the postwar period, general government tax revenue in the United States has remained largely unchanged as a share of GDP. Moreover, there remains considerable dissatisfaction with U.S. taxes, which voters view as too high, unfair, and overly complex. This memo provides perspectives on these issues by comparing the U.S. tax system to other OECD countries.
The Facts:
Only about two thirds of total tax revenues in the United States are collect
In spite of numerous reform efforts since the postwar period, general government tax revenue in the United States has remained largely unchanged as a share of GDP. Moreover, there remains considerable dissatisfaction with U.S. taxes, which voters view as too high, unfair, and overly complex. This memo provides perspectives on these issues by comparing the U.S. tax system to other OECD countries.
The Facts:
Only about two thirds of total tax revenues in the United States are collect
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