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by iso1210
1522 days ago
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> total tax burden being at 100% means you cant raise taxes. You still haven't explained what this means. The Japanese tax to GDP ratio is 31%, below the OECD average https://www.oecd.org/tax/tax-policy/revenue-statistics-japan... Japan spends 38% of its GDP, about the same as the US does. To balance the budget the government would thus have to take 38% of GDP. That would put it in the same range as Germany, Norway, Netherlands, and way below Italy, Sweden, Denmark, France, |
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