The Tax Foundation is a great place to find research on a wide range of tax issues. How are people around the world being taxed personally and on business operations? With tax revenues taking a hit due to the pandemic, governments globally are looking at more ways to tax their citizens. No one seems to be talking about anything but tax hikes these days, so it is a good idea to understand how government tax policies affect taxpayers today and into the future.

According to the chart found on the Tax Foundation on OECD countries Denmark, Australia and the United States have citizens and businesses paying the highest taxes around the world. Although the chart is dated 2020, it is an eye-opener to look at what countries are carrying the heaviest tax burden. View Chart Here.

It is also worth looking at another chart in indicating that in the United States Individual Taxes are the most important source of tax revenue in the United States.

With the House of Representatives approving a 2741 page bill at a 1.5 Trillion to taxpayers within 24 – 48 hours and then passing it forward to the Senate, it is a good idea taxpayers pay attention now to what is happening with this H.R. bill.

View H.R. Bill passed by the House of Representatives and sent on to the Senate for passing:

https://www.taxconnections.com/taxblog/house-of-representatives-releases-a-1-5-trillion-bill-on-taxpayers-march-8-2022-now-the-bill-goes-to-the-senate/