Posted on 12/05/2018 6:25:59 AM PST by reaganaut1
PARIS (Reuters) - France overtook Denmark as the most taxed country in 2017 as government tax revenues in developed countries hit a record high, the OECD said, data which may do little to help President Emmanuel Macron placate protesters angered over living costs.
The Organisation for Economic Cooperation and Development (OECD) said on Wednesday overall government tax revenue on average reached 34.2 percent of gross domestic product (GDP) last year among 34 developed countries for which the Paris-based body compiled data.
Though up only slightly from 34.0 percent in 2016, the figure was the highest average overall tax take since the international policy forum’s records began in 1965, it said.
In France, tax revenues rose to 46.2 percent of GDP, surpassing Denmark, where the ratio fell to 46.0 percent.
France’s high tax burden is a source of resentment among voters. A public rebellion dubbed the “yellow vest” movement erupted in mid-November in anger at high fuel taxes and the punishing cost of living. The protests have at times turned violent, in particular in Paris.
Macron’s government, which aims to gradually reduce the overall tax burden during his five-year term, on Tuesday suspended further planned increases in fuel taxes for at least six months to try to calm the spiraling crisis.
The OECD said the government tax take rose in 19 member countries last year and fell in 16.
(Excerpt) Read more at reuters.com ...
The world established private central banks, who create debt, for which then the serfs must be taxed to pay back.
I think the number given for the US (27%) is artificially low compared to that of France, because it doesn’t appear to include state and local tax burdens. Apples to apples, and all that.
“I think the number given for the US (27%) is artificially low compared to that of France, because it doesn’t appear to include state and local tax burdens. Apples to apples, and all that.”
Twenty seven is probably way too low for federal and certainly does not count state and local. I live in SC, a state that some call “low tax” and the state takes seven percent for income tax and eight percent for general sales tax with a ten percent rate on restaurant meals, motel rooms etc. Throw in a few other little “fees” and the state takes more than most people even suspect. I’m 74 and I want to scream when I eat a “cheap” lunch and realize that I am paying more for sales tax than the lunch PLUS tax used to cost when I was 24.
I agree.
Average sales tax is ~9.5%. ROUGH average state income tax is another 5%. So we can reasonably assume 14% needs to be added to that 27% for a total of 41%.
Not the top spot but still very high in my opinion.
My BIL, a retired economist, and I talked about this some years back. He said that in addition to the things we’ve mentioned—state/local income and sales taxes, and Federal, there’s a host of “mandates” imposed by law which force companies to spend as the government dictates, and effectively load the economy the same as taxes would.
At that time, he guesstimated that with mandates, the US would be pushing 50% of government involvement in the economy, either by direct spending or indirectly through costs forced on the private sector. His cheery observation at the time was, “But, in Europe, it’s probably closer to 60%”.
Do you believe the French really only get taxed 34%?
No, the French are taxed more than that. See my comment #6.
“”At that time, he guesstimated that with mandates, the US would be pushing 50% of government involvement in the economy, either by direct spending or indirectly through costs forced on the private sector. His cheery observation at the time was, “But, in Europe, it’s probably closer to 60%”””
ALL govts. want to keep their average citizen IN THE DARK ! about what they pay in taxes!!- GAS?- more in taxes then actual cost of the fuel-
Airline ticket?- the airlines are now showing the Breakdown of all the taxes and Fees-$100’s per flight
O’BUMMERCARE?- it WAS RULED as a tax! by the supreme court!
AND still the one world Govt. is going bankrupt
France has a VAT of 20%. Since that is applied at every step of production, it seems to me there’s a hefty level of taxation there on every retail purchase.
What is not taken into sufficient account is the fact that the EU is unable to meet even the minimum NATO obligations and funding a separate military NEEDS these added taxations. Now, this willingness of the people for more taxes appears to be in question. What a surprise!
Leave us not forget property taxes.
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