A new study from Citizens for Tax Justice shows that the United States takes in less on taxes, as a percentage of GDP (Gross Domestic Product) than all but two developed countries.
The U.S. has a surprisingly low tax burden compared to other developed countries. IMAGE: Captain Blood, Wikimedia Commons
Taxes are one of the most partisan issues in American politics. Many Republicans have signed Grover Norquist's pledge to never vote for a tax increase. Many Republican politicians complain of the stifling tax burden, especially on businesses and the rich. Given all that, one would think that the U.S. has an especially high tax burden.Nope.
There's a driving force behind the low tax rates for the rich in the United States. I would explain, but Lawrence Lessig does a much better job than me.