Japan’s Tax Burden
The ratio of total national and local taxes collected to total national income is called the tax burden. In other words, it is how much the governemnt depends on taxes to stay afloat.
The tax burden of the following countries puts Japan’s tax burden in perspective.
6. Sweden – 49.3%
5. France – 38.5%
4. U.K. - 38.2%
3. Germany -28.9%
2. U.S.A. – 23.8%
and
1. Japan - 21.2%
Just over one fifth of Japan’s national budget is dependent on taxes. But, of course they have to get their money one way or the other. I have written about that in a previous blog.
