3 ms·
Sure, I'm simplifying, but I think my point stands. Federal tax as percent of GDP: 19% [1] State and local tax as percent of GDP: 9% [2] So, even if we bump
by nostromo 12y ago
Sure, I'm simplifying, but I think my point stands.
Federal tax as percent of GDP: 19% [1]
State and local tax as percent of GDP: 9% [2]
So, even if we bump up state and local expenditures to 11.25%, it still seems like we're getting a better deal from local governance.
1) http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=205 http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Doc...
2) http://www.ncsl.org/documents/fiscal/TaxesandtheEconomy.pdf http://www.ncsl.org/documents/fiscal/TaxesandtheEconomy.pdf (a little out of date...)
- vasilipupkin 12y agoAs explained in other comments, Federal Govt is basically a giant insurance company with an army.