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Domenic_S04/03/20251 replyview on HN

Hard disagree. Compared to the OECD average, we collect almost double in personal tax revenue as a proportion of total tax revenue. What's more, historically personal tax revenue as a % of GDP stays roughly the same - regardless of active tax rates.

Where we fall dreadfully short compared to other countries is corporate tax revenue. In 2021, corporate income tax revenue in the U.S. was 1.6% of GDP, compared to the OECD average of 3.2%


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colordrops04/03/2025

It's messed up from first principles - hard work should be valued as a society over investment gains, and reflected at the individual level in take home income. Obtuse measures and comparative aggregates are irrelevant.

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