I don't really want to get involved in the discussions here again, but since you directed this at me, I'll try and give you an answer. Here is a graph I posted here quite a while ago. You have to sit and look it over a bit to grasp what it all means, but it is the clearest representation of what has happened to effective tax rates that I have ever found.
I won't spend time explaining the methodology. If you're interested you can look over the site yourself if you want to try and make a judgement on the veracity of the information. I think reading the information on the page I provided the link to below is worthwhile.
I got the link to the graph here: http://www.datapointed.net/2011/03/r...xes-1913-2011/
Now, according to the link here, the GNP is $15 trillion.
We are currently taking into the federal coffers around 15% of GDP, which should come out to $2.25 trillion. From what I have seen, the tax receipts over time might average around 18%. ( http://www.heritage.org/federalbudge...t-tax-receipts ) If we were taking in closer to that average we would have (18/15) x 2.25 = $2.7 trillion. An extra half trillion would bring our deficit back closer back in line...
Last edited by Buzz; 09-08-2012 at 01:55 PM.
"For everyone to whom much is given, of him shall much be required." -- Luke 12:48
Raven - Moneybird's Black Magic Marker***
(Esprit's Power Play x Trumarc's Lean Cuisine)
Mick - Moneybird's Jumpin' Jack Flash***
(Clubmead's Road Warrior x Oakdale Whitewater Devil Dog)
Peerless - Moneybird's Sole Survivor
(Two River's Lucky Willie x Moneybird's Black Magic Marker)
Yet the rich still pay the overwhelming majority of taxes in this country. Go figure!
they do draw pretty modern art though. Actually makes their work good for something.