Tax Rates Are Dangerously Misleading As a Tax Burden Gauge

U.S. workers are – by far – the most taxed workers in the world. Evidence supporting the previous claim can be found in $39 trillion worth of federal debt.

Yet not everyone agrees. A recent report by Adam Michel and Santiago Forster at the Cato Institute reported the opposite of what you just read. In the words of the budgetary scholars, “The United States remains a relatively low-tax country compared to its global peers.” But if what they say were true, Treasury wouldn’t have so much debt. 

 

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