NEWS FLASH

U.S. Collects Third-Lowest Tax Revenue In Developed World | Despite Republicans’ constant protestations that the U.S. has “a spending problem, not a tax problem,” the U.S. actually collects the third-lowest amount of tax revenue as a percentage of GDP in the Organization for Economic Co-operation and Development. According to the OECD’s latest data, “Mexico (18.7% in 2010) and Chile (20.9%) have the lowest tax-to-GDP ratios among OECD countries. The United States has the third lowest ratio in the OECD region at 24.8% with Korea at 25.1% and Turkey at 26.0%.” Here are 10 other statistics proving that the U.S. is actually a low-tax country.