Tax Revenues/GDP, USA: Federal, State, and Local

Gary North - December 25, 2015

In the United States, the revenues collected by all levels of civil government in relation to GDP do not change much, year to year: about 35%.

The expenditures of the governments can increase through borrowing. But revenues long ago hit a ceiling. Taxpayers always find loopholes. Congress always creates loopholes.

Here is a chart of the total revenues collected/GDP: federal, state, and local.

Here is a chart for federal revenues/GDP.

Here is a chart for state revenues/GDP.

Here is a chart for local revenues/GDP.

These are posted here.