May 6, 2016

LIAR OR IMBECILE?

Donald Trump Uses Phantom Stats When Talking Taxes (RICHARD RUBIN, May 5, 2016, WSJ)

Mr. Trump, the presumptive Republican nominee, said on Thursday that the U.S. is the "highest-taxed nation in the world" and that middle-class people are "being taxed at a much higher rate" than 20 years ago.

In fact, the U.S. is one of the lowest-taxed industrialized countries, and middle-class households pay significantly lower tax rates than they did in 1996.

In 2014, U.S. taxes - including state and local levies - made up 26% of the country's gross domestic product, according to the Organization for Economic Cooperation and Development. Among OECD members, only Mexico, Chile and South Korea had lower tax burdens. 

Posted by at May 6, 2016 3:42 PM

  

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