Re:DOGE's Only Public Ledger Is Riddled with Mistakes
by somenameforme on Sunday February 23, 2025 @03:46AM
(#43147857)
> "4. Corporate tax receipts have been steadily falling as a percentage of GDP. [1]"
That needs some context. Here [2] is a graph of corporate profits after tax versus GDP. Corporate profits are, counter-intuitively, a far smaller percent of the total GDP, so it's rather logical that tax from said profits would be a smaller percent of GDP. This is one sample of why looking at things as a percent of GDP can be quite misleading.
That needs some context. Here [2] is a graph of corporate profits after tax versus GDP. Corporate profits are, counter-intuitively, a far smaller percent of the total GDP, so it's rather logical that tax from said profits would be a smaller percent of GDP. This is one sample of why looking at things as a percent of GDP can be quite misleading.
[1] - https://fred.stlouisfed.org/graph/?g=1DUdb
[2] - https://fred.stlouisfed.org/graph/?g=1DUIy