Where Data Tells the Story
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🤔💰 Ever wondered why Latin Americans complain about taxes when we actually pay less than most developed countries? Let's explore ↓
We've all heard someone complain about taxes. In Latin America, we have a skeptical attitude towards our hard-earned money being spent responsibly by our public servants.
Most of us don't think about it until we're adults and in the economic systems that bring avocados, cars, and microchips to life. Then we realize that there are multiple scenarios under which the tax man comes, often double-dipping: in everyday purchases, when we score some income, or just for owning property for another year (more or less in that order).
What you might not know (until today, thanks to your friends at Latinometrics) is that every single Latin American country collects less tax than the average OECD country, in terms of tax revenue as a % of their GDPs.
Does that sound great? It depends on who you ask.
Although we pay less tax proportionately than the OECD, this doesn't necessarily mean we give away a lower share of our own money; it simply means the economy as a whole contributes a lower proportion to the government.
story continues... 💌
Tools: Figma, Rawgraphs