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Social security taxes were never reduced. Income taxes have been through various taxation schemes but the total Federal tax revenue as percentage of GDP typical
by chrisco255 6y ago
Social security taxes were never reduced. Income taxes have been through various taxation schemes but the total Federal tax revenue as percentage of GDP typically always hovers just under 20% regardless of tax legislation: https://fred.stlouisfed.org/series/FYFRGDA188S https://fred.stlouisfed.org/series/FYFRGDA188S
- RhodesianHunter 6y agoBecause the effective tax rate never really changes that much.