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

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

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

Whut?

[–] NOT_RICK@lemmy.world 5 points 2 weeks 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 3 points 2 weeks 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 2 points 2 weeks 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 2 weeks ago (1 children)

Maybe because it would skew the average too nuch

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

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