| ▲ | dh2022 4 days ago |
| Re: "Look at tax receipts relative to GDP. We've never taxed harder than we do now. " - would you mind sharing some data sources for this. Thanks a lot! |
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| ▲ | chessgecko 4 days ago | parent | next [-] |
| Wouldn’t say never harder, but it’s been pretty flat. https://fred.stlouisfed.org/series/FYFRGDA188S |
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| ▲ | theteapot 4 days ago | parent | prev [-] |
| Crude starting point from ChatGPT: U.S. Corporate Tax Revenue as a Percentage of GDP (1900–2020s)
Decade Corporate Tax Revenue as % of GDP
1900s ~0.1%
1910s ~0.5%
1920s ~0.8%
1930s ~1.0%
1940s ~4.0%
1950s ~4.3%
1960s ~3.5%
1970s ~3.0%
1980s ~2.5%
1990s ~2.5%
2000s ~1.3%
2010s ~1.0%
2020s (est.) ~1.0% (varies slightly)
U.S. Individual Income Tax Revenue as a Percentage of GDP (1900-2020s)
Decade Income Tax Revenue as % of GDP
1900s ~0.0%
1910s ~0.5%
1920s ~1.5%
1930s ~3.5%
1940s ~7.5%
1950s ~8.0%
1960s ~8.0%
1970s ~8.5%
1980s ~8.0%
1990s ~8.0%
2000s ~8.5%
2010s ~8.0%
2020s (est.) ~8.0% (varies slightly)
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