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WillPostForFood
on Dec 17, 2020
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50 years of tax cuts for the rich failed to trickl...
You are right, Federal receipts have been hovering between ~15-17% of GDP since WWII, regardless of whether the top tax rate was 90% or 28%. There is more variation due to changes in growth than changes in rates.
https://fred.stlouisfed.org/series/FYFRGDA188S
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https://fred.stlouisfed.org/series/FYFRGDA188S