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No, it's because GDP increased (by a lot). Federal tax receipts as a percentage of GDP has been basically flat since WW2: https://fred.stlouisfed.org/series/FY

by bhupy 6y ago

No, it's because GDP increased (by a lot). Federal tax receipts as a percentage of GDP has been basically flat since WW2: https://fred.stlouisfed.org/series/FYFRGDA188S https://fred.stlouisfed.org/series/FYFRGDA188S