Originally posted by Whoha
Just damn, Alabama has a higher gross domestic product then Sweden? Also the US taxes around 15 to 16 % of GDP, not 33% as the article states. This is an aberation though and it will likely go back up to 20%.
Just damn, Alabama has a higher gross domestic product then Sweden? Also the US taxes around 15 to 16 % of GDP, not 33% as the article states. This is an aberation though and it will likely go back up to 20%.
In 2000, US tax as a proportion of GDP = 29.6%
Or better still:
This shows taxes (government revenue) as a percentage of GDP, and government spending likewise, since 1929. As you can see, taxes haven't been lower than 20% since 1941, and have been above 25% since 1966.
It used to be in the high 20s (Nixon - Reagen), then moved up to around 30% under Clinton, now it's down to the high 20s again. It's not been near 15-16% for a long, long time.
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