If you take a look at what we spend and what we take in, in tax collections, here's your structural problem. We've had times with very high marginal tax rates, very low marginal tax rates. Go, go back over. Since the 70s, we always seem to end up somewhere between about 17 and a half to mid high eighteens [percent of GDP in tax receipts]. high marginal tax rates. We're still getting 18% of GDP in tax receipts. And when we talk about these things, we'll often, you'll hear us talk about as a percentage … (05:43–05:54)
CLAIM
Asserts that U.S. tax receipts have consistently been between 17.5% and 18% of GDP since the 1970s.
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