Friday, June 15, 2012

A: Fight two wars, build military equipment the military doesn't want, and slash taxes.

Q: What does the US need to do, to ensure a growing, massive debt?


Total tax revenue as a percentage of gross domestic product (2010)
RANK COUNTRY %
1 Mexico 18.1
2 Chile 20.9
3 United States 24.8
4 Korea 25.1
5 Turkey 26.0
6 Ireland 28.0
7 Slovak Republic 28.4
8 Switzerland 29.8
9 Greece 30.9
10 Canada 31.0
11 Portugal 31.3
12 New Zealand 31.3
13 Spain 31.7
14 Israel 32.4
15 Estonia 34.0
16 Czech Republic 34.9
17 United Kingdom 35.0
18 Iceland 36.3
19 Germany 36.3
20 Luxembourg 36.7
21 Hungary 37.6
22 Slovenia 37.7
23 Austria 42.0
24 Finland 42.1
25 Norway 42.8
26 France 42.9
27 Italy 43.0
28 Belgium 43.8
29 Sweden 45.8
30 Denmark 48.2


Source: OECD

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