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A comment on We’d rather have the iceberg than the ship. Parent comment
This is incorrect (despite the citation).
Federal tax collection in 2020 was about 16% of GDP
https://fred.stlouisfed.org/series/FYFRGDA188S
The OECD reports "The tax-to-GDP ratio in the United States has decreased from 28.3% in 2000 to 24.5% in 2019."
https://www.oecd.org/tax/revenue-statistics-united-states.pd...
For comparison, the weighted average in other OECD countries is about 34%.
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This is incorrect (despite the citation).
Federal tax collection in 2020 was about 16% of GDP
https://fred.stlouisfed.org/series/FYFRGDA188S
The OECD reports "The tax-to-GDP ratio in the United States has decreased from 28.3% in 2000 to 24.5% in 2019."
https://www.oecd.org/tax/revenue-statistics-united-states.pd...
For comparison, the weighted average in other OECD countries is about 34%.