Asked by Hayden Molokach on May 03, 2024
Verified
The U.S. tax burden is high compared to many European countries..
Tax Burden
The measure of the total amount of taxes that an individual or business must pay.
European Countries
Nations located on the European continent, each with its unique government, culture, and economy.
- Identify the historical backdrop and contemporary tendencies in tax obligations within the United States.
Verified Answer
YS
Yhojan Stiven Franco NavarroMay 03, 2024
Final Answer :
False
Explanation :
Many European countries have a higher tax burden than the U.S. when considering the total tax revenue as a percentage of GDP, including income taxes, corporate taxes, and social security contributions.
Learning Objectives
- Identify the historical backdrop and contemporary tendencies in tax obligations within the United States.
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