[lb1lf]

We (Norway) cheat a bit, though - we're a small (5M and change citizens) economy with a massive oil extraction industry which we tax to high heaven, hence the large fraction of GDP raised by taxes.

Regular corporate tax is 22%, whereas anything involving pumping hydrocarbons out of the ground is taxed with an additional 56%, leading to a tax rate of 78%.

In 2018, this led to more than $13B in taxes being paid from oil companies. Joe Q. Public, for comparison, paid $35B or so in income tax.

[tomp]

I think that's his/her point. Norway is obviously an outlier, so fitting the curve through Norway makes absolutely no sense!

[lb1lf]

D'oh, of course.

In my defense, I hardly slept last night courtesy of a three-year-old with the chicken pox, and I hadn't had my morning gallon of coffee when I replied.