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Did you read your own chart? It clearly shows that tax revenues as a percentage of GDP vary a lot. Between 1942 and today, it ranges from ~14% to ~21%. I don't
by rauljara 15y ago
Did you read your own chart? It clearly shows that tax revenues as a percentage of GDP vary a lot. Between 1942 and today, it ranges from ~14% to ~21%. I don't know if you're aware of this, but 7% of GDP represents over a trillion dollars. Incidentally, the same chart you point to shows how tax income is about as low of a share of GDP as it's been since 1950.