Data Crunch: How Do Tax Systems Around the World Compare to One Another?
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Last updated about 1 year ago
6 questions
Required
15
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15
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5
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10
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10
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20
What is GDP? (Gross Domestic Product)
How Do Tax Systems Around the World Compare to One Another?
Question 1
1.
Which 3 countries have the highest tax-to-GDP ratio?
1._______
2._______
3._______
Question 2
2.
Which 3 countries have the lowest tax-to-GDP ratio?
1._______
2._______
3._______
Question 3
3.
What approximate percentage of Americans paid no income tax in 2019?
Question 4
4.
The GDP of the United Kingdom is $2.708 trillion (USD). Using its tax-to-GDP ratio, calculate its total tax revenue.
Question 5
5.
Why does using a ratio of taxes-to-GDP give a better idea of a country’s tax system than just measuring how much tax revenue they collect?
Question 6
6.
How could a country’s citizens benefit from the federal government collecting more tax revenue? Conversely, how could they benefit from the federal government collecting less in taxes?