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Are you equating receipts with tax level? Tax is a rate applied to an income or wealth amount. Note that GDP includes government spending, which is not subject

Are you equating receipts with tax level? Tax is a rate applied to an income or wealth amount. Note that GDP includes government spending, which is not subject to tax but is based in part on debt. https://www.pgpf.org/article/six-charts-that-show-how-low-corporate-tax-revenues-are-in-the-united-states-right-now/ https://www.pgpf.org/article/six-charts-that-show-how-low-co...

rayiner 10mo ago
No. The chart shows "Federal Receipts as Percent of Gross Domestic Product"
- deleted 10mo ago
  [deleted]
- stvltvs 10mo ago
  Why choose that metric rather than income, corporate, capital gains, etc. tax rates? Seems like it could obfuscate who bears the burden of those taxes.
  - rayiner 10mo ago
    Because we are talking about the federal debt, not distributional issues.
potato3732842 10mo ago
If you are in favor of more taxes nominal vs effective rates is not a can of worms you want to open. Effective tax rate was lower in the past even if the nominal was higher. SALT was amounted to basically nothing back then whereas they are far more now.
whimsicalism 10mo ago
sure but that sword cuts both ways. it is well documented pretty much nobody actually paid top nominal rates in the 50s because there were so many loopholes