k-12 Tax & $pending Climate: Taxation stifling the economic base
Statistics also show that the total general government tax revenue as a percentage of GDP has increased in almost all member countries of the European Union — a trend not seen in the United States. Today, general government tax revenue accounts, on average, for more than 40% of the European Union’s total GDP. The figure for some countries is lower (22.4% for Ireland), but higher for several others: Denmark (45.8%), France (45.3%), Belgium (45.1%), and Italy (42.6%). The total general government tax revenue (federal, state, and local taxes plus social security) in the United States in 1980 was 25.6% of GDP. Today, it is still 25.6%. On average, populations in European Union countries pay far higher total taxes than Americans do, despite significant US investment in defense. The gap between the European Union and the United States has become immense.
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