Don’t Hold Your Breath (Part 3)

One measure of a nation’s success is its PPP GDP Per Capita.
But there are other measures of a country’s success that may be more relevant, such as the happiness of its citizens.
The correlation between the happiness index and taxes is strong and robust, and thus worth considering when implementing tax policy.

Don’t Hold Your Breath (Part 2)

There exists a patent relationship between higher taxes and higher GDP.
Based upon the 35 member countries of the OECD, a higher level of taxes correlates to higher GDP three years later.
Statistically, the relationship is significant, but not great. And as always, correlation does not imply causation.

Taxes are here to stay, but the level of taxation is sure to change over time.
In the U.S., taxes account for about 25% of GDP, which is lower than most of the 35 OECD countries, which averages 33%.
There are tangible benefits to higher tax rates, according to research.