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To: karpov
From the Department of Numbers:

Government Receipts and Expenditures as a Fraction of GDP

So, while the tax rates has fluctuated wildly, the historic trend shows receipts are typically between 15 to 20% of the GDP.

So increasing the tax rate DOESN'T WORK. What really should be done is limiting spending to no more than 20% of GDP.

If one wants to increase government spending, one should to figure out how to maximize the GDP.

28 posted on 11/15/2019 11:48:19 AM PST by kosciusko51
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To: kosciusko51

Exactly how Mulvaney, Mnuchin & Ross have explained the Trump plan.


54 posted on 11/15/2019 12:29:23 PM PST by JayGalt (You can't teach a donkey how to tap dance. Nemo me impune lacessit!)
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