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Total tax revenue as a share of GDP (lemmy.world)

submitted 2 days ago by Davriellelouna@lemmy.world to c/dataisbeautiful@mander.xyz

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[–] NOT_RICK@lemmy.world 5 points 2 days ago (1 children)

Looks like it’s

Country’s Annual revenue from taxes / Country’s GDP

As a percentage rather than fractional.

[–] Babalugats@feddit.uk 2 points 2 days ago (1 children)

Why is the US highlighted and the percentage shown?

Is there any relevance or just for us citizens?

[–] NOT_RICK@lemmy.world 1 points 2 days ago (1 children)

The notes say that the US GDP is the only one not weighted. No idea what weighting they’re using or why.

[–] nooneescapesthelaw@mander.xyz 1 points 1 day ago (1 children)

Maybe because it would skew the average too nuch

[–] Zannsolo@lemmy.world 1 points 1 day ago (1 children)

Likely the intended audience is the United States based on the highlighting of it. By leaving them out of the average you get the average of other countries to compare the US against.

[–] Zannsolo@lemmy.world 2 points 1 day ago

If we collected the extra 7% we could pay down the national debt to something more manageable.