… marginal tax rates, low marginal tax rate, we basically always get about 17 to 18, sometimes 18.5% of the economy in tax receipts. There's your problem is that split. So Right now, if we're sitting in the almost 18% of the economy, we're taking in taxes, but you're spending 24. And understand over the next few years, it goes from 24 to 25 to 26. That gap is the annual deficit that gets piled onto the debt. (08:32–08:40)
CLAIM
Asserts that current U.S. tax intake is nearly 18% of the economy, while spending is 24%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
