Fiscal Freedom

Introduction

Fiscal Freedom: How Tax Burden Affects Economic Freedom

Fiscal Freedom is one of the components in measuring the Index of Economic Freedom. Learn more about the fiscal freedom definition and tax burden imposed by Governments in this section below.

According to the Heritage Foundation, this component includes direct taxes, in terms of the top marginal tax rates on individual and corporate incomes, and overall taxes, including all forms of direct and indirect taxation at all levels of government, as a percentage of GDP. Thus, the fiscal freedom component is composed of three quantitative factors:

• The top marginal tax rate on individual income,
• The top marginal tax rate on corporate income, and
• The total tax burden as a percentage of GDP.

Index of Economic Freedom

The Index of Economic Freedom is an annual index and ranking created by The Heritage Foundation.

Trade Freedom: Tariffs, Imports, Exports, and Economic Freedom

Trade freedom is a composite measure of the absence of tariff and non-tariff barriers that affect imports and exports of goods and services. Learn more about the trade fiscal freedom definition and information in this section below.

Entries related to Politic and Economic Freedom

• Freedom from government
• Business freedom
• Monetary freedom
• Freedom of expression
• Freedom of association
• Freedom of movement