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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Reality Check: Is Trump Right That US Has Highest Taxes? (364 Views)
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Reality Check: Is Trump Right That US Has Highest Taxes? by mfonelishasblog(m): 8:31am On Jul 27, 2017 |
The claim: The US has the highest taxes in the world. Reality Check verdict: The total amount of tax raised by the United States as a proportion of the size of its economy is not the highest in the world. It also does not have the highest rates of taxes on households. By one measure, it does have the highest rate of corporation tax. At a rally in Ohio on Tuesday, President Trump claimed that the US had the highest taxes in the world. A broad measure of the level of taxes is to look at the total amount of tax taken by the government as a percentage of the amount produced by the economy (GDP). The US is clearly not at the top of this list based on figures from the Organisation for Economic Co-operation and Development (OECD). . Continue reading at http://mfonelishasblog..com.ng/2017/07/reality-check-is-trump-right-that-us.html |
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