3 ms·
1 USD in 2000 = 1.51 USD in 2019. This combined with population growth accounts for almost all of the 'increased' tax revenue.
by tziki 6y ago
1 USD in 2000 = 1.51 USD in 2019. This combined with population growth accounts for almost all of the 'increased' tax revenue.
- hajile 6y agoHauser's Law says that revenue vs GDP in the US is basically static regardless of marginal tax rates. This implies that any increase aside from inflation would be unexpected. https://en.wikipedia.org/wiki/Hauser%27s_law https://en.wikipedia.org/wiki/Hauser%27s_law