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by jonas21
281 days ago
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> Since the 1980s, we have been consistently taxing less. Assuming "we" means the United States, this isn't really true. Tax revenue as a percentage of GDP has been remarkably stable, not just since the 1980s, but since the end of World War II [1]. The long-term average since 1945 is 16.85%, the average in the 1970s (i.e. the decade before the 80s) was 16.76%, and the average in the 2020s is 16.96%. [1] https://fred.stlouisfed.org/series/FYFRGDA188S |
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