Raw Data: Federal Taxes and Spending Over the Past 60 Years

There’s no special reason for posting this except that taxes and tax cuts are in the news:

For more than 60 years, total federal taxes have averaged about 17 percent of GDP.¹ Tax receipts go up and down slightly, mostly because of tax legislation and economic cycles, but always return pretty quickly to their long-term average. Spending has averaged about 20 percent of GDP ever since the Reagan era. It also goes up and down a bit thanks to recessions and expansions, but always returns to around 20 percent.

Bottom line: Taxes have not skyrocketed. Spending has not skyrocketed. Corporations are not burdened with the highest tax rate on the planet.

¹Of that total, personal income taxes have been a steady 8 percent of GDP. Corporate taxes have declined from 5 percent of GDP to 2 percent.

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REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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