Revenue Statistics 2019 - the United States

Revenue Statistics 2020 - the United States

Tax-to-GDP ratio

Tax-to-GDP ratio over time

The OECD's annual Revenue Statistics report found that the tax-to-GDP ratio in the United States increased by 0.1 percentage point from 24.4% in 2018 to 24.5% in 2019. Between 2018 and 2019 the OECD average decreased from 33.9% to 33.8%. The tax-to-GDP ratio in the United States has decreased from 28.3% in 2000 to 24.5% in 2019. Over the same period, the OECD average in 2019 was slightly above that in 2000 (33.8% compared with 33.3%). During that period the highest tax-to-GDP ratio in the United States was 28.3% in 2000, with the lowest being 23.0% in 2009.

Range OECD members

United States

OECD

55 %

50

45

40

35

33.8

30

25

24.5

20

15

10

5

0

Tax-to-GDP ratio compared to the OECD, 2019

The United States ranked 32nd out of 37 OECD countries in terms of the tax-to-GDP ratio in 2019. In 2019, the United States had a tax-to-GDP ratio of 24.5% compared with the OECD average of 33.8%. In 2018, the United States was also ranked 32nd out of the 37 OECD countries in terms of the tax-to-GDP ratio.

%#N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A 50

45 46.3 45.4

40

42.9 42.9 42.4 42.4 42.2

35

39.9 39.3 39.2 38.8 38.7 37.7

30

36.1 35.8 35.4 34.9 34.8 34.7 34.6 33.8 33.5 33.1 33.0 32.3 32.0 31.2 30.5 30.3

25

28.7 28.5 27.4

24.5

20

23.1 22.7

20.7 19.7

15

16.5

10

5

0

* Australia and Japan are unable to provide provisional 2019 data, therefore their latest 2018 data are presented within this country note.

In the OECD classification the term "taxes" is confined to compulsory unrequited payments to general government. Taxes are unrequited in the sense that benefits provided by government to taxpayers are not normally in proportion to their payments.

Tax structures

Tax structure compared to the OECD average, 2018

The structure of tax receipts in the United States compared with the OECD average is shown in the figure below.

%

41

United States

OECD average

24

25 26

10 4

01

12 6

20 0

18 13

01

Taxes on personal Taxes on corporate Social security income, profits and income and gains contributions

gains

Payroll taxes

Taxes on property Value Added Taxes/Goods and Services Tax

Taxes on goods and services (excluding VAT/GST)

Other

Relative to the OECD average, the tax structure in the United States is characterised by:

?

Substantially higher revenues from taxes on personal income, profits & gains, and higher revenues from property taxes and goods & services taxes (excluding VAT/GST).

? A lower proportion of revenues from taxes on corporate income & gains and social security contributions.

? No revenues from payroll taxes; and value-added taxes.

Tax structure

Taxes on income, profits and capital gains?

Tax Revenues in national currency US Dollar, millions

Tax structure in the United States

%

2017

2018

D

2017 2018

D

2 342 790

2 274 596

- 68 194 45

45

-

Position in OECD?

2017 2018

D

7th

8th

- 1

of which

-

-

-

-

0

0

Personal income, profits and gains

2 036 811

2 068 821

+ 32 010 39

41

+ 2

3rd

2nd

+ 1

Corporate income and gains

305 979

205 774

- 100 204 6

4

- 2 27th 35th - 8

Social security contributions

1 205 319

1 250 370

+ 45 051 23

25 + 2 25th 24th + 1

Payroll taxes

2 013

2 169

+ 156 -

-

-

18th 18th

-

Taxes on property?

850 533

617 679

- 232 854 16

12

- 4

1st

2nd

- 1

Taxes on goods and services

825 210

886 934

+ 61 724 16

18 + 2 37th 37th

-

of which VAT

-

-

- -

-

-

37th 37th

-

Other

-

-

- -

-

-

35th 35th

-

TOTAL

5 225 865

5 031 748

- 194 117 100 100

-

-

-

-

Tax revenue includes net receipts for all levels of government; figures in the table may not sum to the total indicated due to rounding.

1. Includes income taxes not allocable to either personal or corporate income.

2. The country with the highest share being 1st and the country with the lowest share being 37th.

3. In 2017, U.S. taxpayers that had unrepatriated accumulated earnings abroad incurred a tax liability on those earnings due to the new tax law. However, U.S. taxpayers may pay any tax on the deemed repatriations in instalments over eight years so there may be a significant difference in the tax liability in 2017 represented in these figures from the actual receipt of tax revenue.

Source: OECD Revenue Statistics 2020

Contacts

David Bradbury

Centre for Tax Policy and Administration Head, Tax Policy and Statistics Division David.Bradbury@

Michelle Harding

Centre for Tax Policy and Administration Head, Tax Data & Statistical Analysis Unit Michelle.Harding@

Nicolas Miranda

Centre for Tax Policy and Administration Statistician, Tax Data & Statistical Analysis Unit Nicolas.Miranda@

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