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3 Responses to “Taxes as a Percentage of Gross Domestic Product 1980 – 2007”

1. 1
   decisivemoment Says:
   June 16th, 2008 at 5:04 pm

   This is more like it — a neutral, very factual chart. But as the next few years get tacked on, you’ll see that the surge of the past couple of years is a false one, driven by capital gains on a surging stock market. The stock market is now in the tank, and that line is going to go down all on its own.

2. 2
   J. Noga Says:
   June 17th, 2008 at 3:42 pm

   It just seems extremely un-American to tax individual investments “earned” (by the way, does the government send you a check to cover your losses with the “Enron/Bear Stearns” investments?) with monies already taxed (as the comment above accurately details). In point, there are hundreds of other “taxes” on Americans that are not captured in this graph, that do effect the “pocket money” of Americans, as well as the economy overall.

3. 3
   Delta-T Says:
   June 19th, 2008 at 9:17 am

   Clearly, increasing the revenue a few percentage points far offsets the damaging effects of debt.

   The decreased revenue during the 2001-2003 period had extremely damaging effects on the national debt and the value of the dollar.

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