WTTC has researched the proportion of taxation paid by the industry in the USA, compared to other sectors and the findings show that the US travel industry is taxed at a higher rate than other sectors.
Direct Travel & Tourism taxes in the US represented 3.2% of all taxes collected in 2012. By comparison, Travel & Tourism GDP is 2.7% of the US economy. This means that Travel & Tourism is taxed at a higher rate than the average of the economy by 0.5 percentage points, or a 15% premium over its GDP share.
Travel & Tourism is expected to generate $1.3 trillion in US GDP in 2013—8.5% of the entire US economy. The performance and prospects for this massive economic force are significantly affected by taxes. At the corporate level, taxes affect the capital available for investment, decisions regarding staffing increases, and prices offered to the marketplace. At the household level, taxes directly affect the disposable income available for travel.