Tuesday, October 12, 2010

Federal Tax Revenue as a Percentage of GDP

I believe on of the best ways to gauge whether or not we are over-taxed is to look historically at federal tax revenue as a percentage of GDP. As you can see, according to this chart, we are below average and thus due for an increase.

The question that must be answered is how best to increase taxes. A net worth tax would be a progressive (as opposed to regressive) solution.

1 comment:

LeftLibertarian said...

Due for an increase? Why? Blind faith? A policy change? Random luck?