Tuesday, March 12, 2013

We've Got a Taxing Problem...

The taxing and overall spending data below is from the OECD statistics portal. Military spending data is from the World Bank. Non-defense spending data was provided by the power of subtraction.

The upper table lists each OECD member nations' taxing and spending in rank order. Lower rankings mean lower taxing or spending. The lower table is the raw data relative to GDP.

As it can be plainly seen, the US does not have a spending problem, and certainly not a non-defense spending problem. We DO have a taxing problem and a military-industrial complex problem. With the third lowest taxes and the second highest military spending, it is no wonder we have a large debt. Our overall and non-defense spending are both well below the norm, especially for a nation as rich as ourselves, and are not significant contributors to the gap between our spending and revenues.

 
Spending/Taxation Rank (1 lowest, 34 highest)
 
Country
Tax Spending Military Non-defense
Australia
5
5
24
5
Austria
27
27
5
29
Belgium
32
31
10
31
Canada
12
15
16
16
Chile
2
2
32
1
Czech Republic
19
12
13
14
Denmark
34
34
19
34
Estonia
18
7
23
6
Finland
28
32
20
32
France
29
33
27
33
Germany
22
18
14
17
Greece
11
30
30
27
Hungary
25
24
7
26
Iceland
21
19
1
20
Ireland
8
20
3
22
Israel
17
16
34
10
Italy
31
26
21
23
Japan
7
11
8
11
Korea
4
3
31
3
Luxembourg
23
10
4
12
Mexico
1
1
2
2
Netherlands
26
25
17
25
New Zealand
14
23
11
24
Norway
30
14
22
15
Poland
15
13
25
13
Portugal
13
22
26
21
Slovak Republic
10
6
12
9
Slovenia
24
28
18
28
Spain
16
17
9
18
Sweden
33
29
15
30
Switzerland
9
4
6
4
Turkey
6
8
28
7
United Kingdom
20
21
29
19
United States
3
9
33
8



Spending/Taxation as a fraction of GDP
 
Country Tax Spending Military Non-defense
Australia
25.6
36.9
1.9
35.0
Austria
42.0
50.5
0.9
49.6
Belgium
43.5
53.3
1.1
52.2
Canada
31.0
44.1
1.4
42.7
Chile
19.6
24.7
3.2
21.5
Czech Republic
34.2
43.0
1.2
41.8
Denmark
47.6
57.6
1.5
56.1
Estonia
34.2
38.3
1.7
36.6
Finland
42.5
55.0
1.5
53.5
France
42.9
56.0
2.2
53.8
Germany
36.1
45.3
1.3
44.0
Greece
30.9
51.8
2.7
49.1
Hungary
37.9
49.6
1.0
48.6
Iceland
35.2
47.3
0.1
47.2
Ireland
27.6
48.1
0.6
47.5
Israel
32.4
44.6
6.8
37.8
Italy
42.9
49.9
1.6
48.3
Japan
27.6
42.0
1.0
41.0
Korea
25.1
30.1
2.8
27.3
Luxembourg
37.1
42.0
0.6
41.4
Mexico
18.8
22.8
0.5
22.3
Netherlands
38.7
49.8
1.4
48.4
New Zealand
31.5
49.5
1.1
48.4
Norway
42.9
43.9
1.6
42.3
Poland
31.7
43.6
1.9
41.7
Portugal
31.3
49.3
2.0
47.3
Slovak Republic
28.3
38.2
1.1
37.1
Slovenia
37.5
50.7
1.4
49.3
Spain
32.3
45.2
1.0
44.2
Sweden
45.5
51.2
1.3
49.9
Switzerland
28.1
33.8
0.9
32.9
Turkey
25.7
39.0
2.3
36.7
United Kingdom
34.9
48.5
2.6
45.9
United States
24.8
41.7
4.7
37.0
OECD Average
33.8
49.5
1.7
47.8