Trump's tax cuts reduce US burden to one of lowest in the world

[libertybele]

Trump's tax cuts reduce US burden to one of lowest in the world
Taxes in France and Denmark are nearly twice what they are in the US

President Trump’s 2017 tax cuts pushed the U.S. tax burden to one of the lowest in the world among major economies, according to a report released Thursday. In 2018, U.S. tax burdens plummeted as a result of the Republican-passed $1.5 trillion tax cuts, sending U.S. revenue lower than all but three countries in the Organization of Economic Cooperation and Development, the intergovernmental agency said in the report.

Driven by the major tax reforms that Trump signed into law at the end of 2017 —  the law slashed the corporate tax rate to 21 percent from 35 percent and temporarily reduced individual taxes — U.S. taxes at all levels of government fell to 24.3 percent of GDP last year, compared to 26.8 percent in 2017, 25.9 percent in 2016 and 23.5 percent in 2010. The 2.5 percentage point drop was the largest among all OECD countries, though 15 other countries experienced a decrease in taxes.

Only Ireland, Chile and Mexico had a lower tax burden than the U.S., which was exactly 10 percentage points lower than the OECD average. A majority of countries recorded a tax burden of somewhere between 30 percent to 40 percent of their total GDP...................

https://www.foxbusiness.com/money/trumps-tax-cuts-reduce-us-burden

[Hoodat]

Now let's talk about the 'other' tax burden - the one that Congress never voted for.  This tax comes in the form of expanding the money supply for the sole purpose of funding government.  When our government issue $1 trillion in new money in a single year just to keep government running, they are stealing $1 trillion in value from anyone with dollars.  So that $100 you had in the bank is now only worth $98.  The government 'taxed' $2 of it by simply printing up more money.  Or how about your job.  That $40k you bring in as salary now only buys $39,200 worth of goods because government took the other $800 with the new money they invented.  This is the most heinous tax there is.  And it has been continuing now for a decade.