May 6, 2009

"Misery index": tax rates by country [chart]


Click to enlarge

I think most economists would agree with me that a tax on spending (similar to a sales tax) is economically the least bad tax, but because of its political unpopularity, it is generally a small fraction of the total tax pie, as shown in the chart from Forbes above.

Also, I did not realize China was taxed so heavily!

[Hat tip: DataViz]