Comment by sheepmullet
9 years ago
> That yields as a minimum $97T in tax revenue per year
Total US GDP for 2016 was ~$18T.
It seems a bit unrealistic to me to think we can get 5x GDP in tax revenue each year.
So what is the catch?
9 years ago
> That yields as a minimum $97T in tax revenue per year
Total US GDP for 2016 was ~$18T.
It seems a bit unrealistic to me to think we can get 5x GDP in tax revenue each year.
So what is the catch?
The catch is that my math is wrong and I meant $97B. Thanks for the gut-check.
I'm still interested in doing or seeing an analysis with the full Fed dataset.