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> tax cuts Although the top marginal tax rate has changed drastically throughout America's history, if you look at federal tax receipts as a percentage of GDP,
by bko 6y ago
> tax cuts
Although the top marginal tax rate has changed drastically throughout America's history, if you look at federal tax receipts as a percentage of GDP, they've been remarkably stable hovering around 17% [0]
Similarly, education spending on K-12 has grown a lot per pupil (in constant dollars) since 1970 [1]. Its roughly doubled (in constant dollars) between 1970 and 2000
[0] https://fred.stlouisfed.org/series/FYFRGDA188S https://fred.stlouisfed.org/series/FYFRGDA188S
[1] https://www2.ed.gov/about/overview/fed/10facts/edlite-chart.html https://www2.ed.gov/about/overview/fed/10facts/edlite-chart....
- crazygringo 6y agoSure, but the entire point for inequality is the tax brackets, not the overall tax receipts. As for education, the relevant factor here is college education, not K-12. It's precisely all the benefits accruing to people with a good college education that aren't accruing to those without.