South Korea vs United States: Taxes on income, profits, and capital gains, Ratio of this level of
Taxes on income, profits, and capital gains, Ratio of this level of over time
- South Korea
- United States
How they compare
South Korea currently reports 0.9003 against 0.7764 in United States, a difference of 0.1239.
That makes South Korea's figure about 1.2 times United States's.
Across all 9 years both countries report, South Korea has been ahead every year.
South Korea ranks 50th and United States ranks 53rd of 80 countries.
South Korea has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | South Korea | United States | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 0.8994 | 0.8038 | 0.0956 | South Korea |
| 2020s | 0.9003 | 0.7764 | 0.1239 | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits, and capital gains, ratio of this level of, South Korea or United States?
- South Korea, at 0.9003 against 0.7764 in United States as of 2020.
- What is the difference in taxes on income, profits, and capital gains, ratio of this level of between South Korea and United States?
- 0.1239, with South Korea ahead.
- How many years of comparable data are there for South Korea and United States?
- 9 years are reported by both, from 2012 to 2020.
- How do South Korea and United States rank globally for taxes on income, profits, and capital gains, ratio of this level of?
- South Korea ranks 50th and United States ranks 53rd of 80 countries.
- Where does this data come from?
- International Monetary Fund, published as Taxes on income, profits, and capital gains, Ratio of this level of government's revenue from this item to total general government revenue from this item, Percent (Central government). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.