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US tax revenue is broadly about 25% of GDP, significantly lower than the 33% that's average in the OECD It reached it's lowest since 1965, 22.9%, in 2009. High
by iso1210 5y ago
US tax revenue is broadly about 25% of GDP, significantly lower than the 33% that's average in the OECD
It reached it's lowest since 1965, 22.9%, in 2009. Highest recently was 2017 (27%), and in 2000 it reached 28.3%
The Clinton years were probably what you're looking for, where tax revenues increased linearly from 25.6% to 28.3%, but through the 70s and 80s it varied from 24 to 26%, same as now.
Not sure if an extra 1% of GDP would fall in your "LOT more" category, but it seems far less than normal countries raise.