2 ms·
While maximum US tax rates have varied significantly, the amount of money collected as a fraction of GDP has been remarkably stable. I mention both rates and "
by anamax 5d ago
While maximum US tax rates have varied significantly, the amount of money collected as a fraction of GDP has been remarkably stable.
I mention both rates and "fraction of GDP" because rates can't be spent.
The maximum take is around 20%, regardless of rates, and we're there now, and have been for decades.