Saturday, February 20, 2021

Taxes and Destinations

                                             Taxes and Destinations

Interesting numbers.

From 1929 to 2018, federal, state and local government current expenditures ranged from 8.1% to 37.1% of the U.S. economy, with a median of 30.4% and an average of 27.5%. In 2018, they were 32.8%, or 19% above the average:

Government Spending As a Portion of the U.S. Economy


From 1929 to 2018, inflation-adjusted federal, state and local government current expenditures per U.S. resident ranged from $1,021 to $20,690 per year, with a median of $11,265 and an average of $10,664. In 2018, they were $20,566, or 93% above the average:

Inflation-Adjusted Government Spending Per Person


Tax levels rose dramatically during the Great Depression/New Deal and World War II:

Federal Taxes As a Portion of the U.S. Economy

No comments: