| ▲ | jonas21 4 days ago | |
> 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%. | ||