The given table chart compares the percentage of taxes collected in five different countries over a four-year period, from 1975 to 2005.
Overall, it is evident that the tax rates in all the examined countries showed upward movements in general, with the most significant increase seen in Sweden. In addition, Sweden consistently had the highest tax rates, with a sharp increase by 2005.
In terms of Sweden and the USA, the figure for the former was 46% in 1975, significantly higher than 25.1% for the latter. Over the 30 years, the percentage of tax in Sweden rose substantially to a peak of 70.1% by 2005, whereas there was only slight growth in the USA, reaching 27.4% in the same year.
As for the remaining countries, the tax rates in Korea, Japan and Turkey stood at around 15-16% in 1975. After 30 years, comparable increasing trends were observed in Korean and Japanese tax rates, which climbed to 27.3% and 32.1% by 2005, respectively. Likewise, despite a minimal drop to 15% in 1985, Turkey’s tax rate recovered and peaked at 27.4% in the final year.
