Do Americans pay too much in taxes or too little? According to the Organization for Economic Cooperation and Development (OECD), U.S. taxes are low in comparison to other developed countries. In 2008, U.S. taxes were 26% of Gross Domestic Product (GDP), while the average for the 33 member countries was 35%. The highest percentage went to Denmark, where taxes account for 48% of GDP. To check out more counties and information, click here.