IDEAS home Printed from https://ideas.repec.org/a/fip/feddel/y2011inovnv.6no.12.html
   My bibliography  Save this article

How the U.S. tax system stacks up against other G-7 economies

Author

Listed:
  • Anthony E. Landry

Abstract

The recent financial crisis, Europe’s sovereign debt problems and the U.S. political dispute about raising the national debt ceiling have prompted fiscal policy debate about the size of government and the type of tax structure needed to fund public expenditures. ; Government revenue of the so-called Group of Seven (G-7) largest industrialized nations expressed as a percentage of gross domestic product (GDP) from 1970 to 2009 generally trended upward before stabilizing in the 1990s (Chart 1). Revenue averaged 27 percent of GDP in 1970, rising to 36 percent in 2009. Over the past four decades, revenue increased significantly in France, Germany, Italy and Japan, while remaining roughly constant in Canada, the U.K. and the U.S.

Suggested Citation

  • Anthony E. Landry, 2011. "How the U.S. tax system stacks up against other G-7 economies," Economic Letter, Federal Reserve Bank of Dallas, vol. 6(nov).
  • Handle: RePEc:fip:feddel:y:2011:i:nov:n:v.6no.12
    as

    Download full text from publisher

    File URL: http://www.dallasfed.org/assets/documents/research/eclett/2011/el1112.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ayse Kabukcuoglu, 2014. "The Redistributional Consequences of Tax Reform Under Financial Integration," Koç University-TUSIAD Economic Research Forum Working Papers 1418, Koc University-TUSIAD Economic Research Forum.

    More about this item

    Keywords

    Revenue ; Taxation;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:feddel:y:2011:i:nov:n:v.6no.12. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Amy Chapman). General contact details of provider: http://edirc.repec.org/data/frbdaus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.