How many taxes do Americans pay compared to other countries of the world?

Many US politicians and residents often criticize the US tax system for taxes that are too high.

However, if we compare the total tax burden in the United States with the burden in other countries of the world, it turns out that taxes in the United States are not as high as many people think, writes Time.

With a tax burden of 25% (total federal taxes), the US ranks at the bottom of the countries assessed. The taxes Americans pay are well below the study average of 34%. Among the countries participating in the study, only Korea, Chile and Mexico have a lower tax burden.

Infographics: Federal Reserve of Chicago

The highest taxes were in Denmark, the tax burden in this country reaches 50%.

However, when it comes to taxing corporate profits, the US does have one of the highest rates in the world - 35%, compared to the global average of 20%.

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