3 ms·
> Tax rates in the 50s vs tax rates today. The lack of higher income brackets in the tax code, etc. The US has had a wide-range of tax rates and tax policy. D
by anamax 3y ago
> Tax rates in the 50s vs tax rates today. The lack of higher income brackets in the tax code, etc.
The US has had a wide-range of tax rates and tax policy.
Despite that, FedGov has never collected more than 22% of GDP for longer than two years.
One explanation is that the tax code affects people's behavior wrt taxes.