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adrr 5 days ago

Tax revenue as percentage of GDP right now 17%. You can pick random countries and compare. China 26%, Sweden 41%, Japan 32% etc. Do you see the issue? When we ran a surplus during Clinton's admin, we were at 20%.

eagleislandsong 5 days ago | parent [-]

> 17% ... When we ran a surplus during Clinton's admin, we were at 20%.

Where did you get these figures from? According to OECD, the US' tax revenue-to-GDP ratio was 27.6% in 2022 and 25.2% in 2023: https://www.oecd.org/content/dam/oecd/en/topics/policy-sub-i... It was 28.3% in 2000, when Clinton was still President.

adrr 4 days ago | parent [-]

https://fiscaldata.treasury.gov/americas-finance-guide/gover...

https://www.bea.gov/data/gdp/gross-domestic-product

$5 Trillion Tax Revenue

$28.177 trillion GDP