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by paulryanrogers 2146 days ago
Could it be because some loopholes hiding or deducting funds became less lucrative?
1 comments
bhupy 2146 days ago
No, it's because GDP increased (by a lot). Federal tax receipts as a percentage of GDP has been basically flat since WW2:

https://fred.stlouisfed.org/series/FYFRGDA188S

link