December 23, 2017

OBAMA LITE:

Donald Trump wrong that his tax plan is biggest cut ever (Louis Jacobson, October 26th, 2017, PolitiFact)

And here are the tax laws ordered from highest to lowest as a percentage of GDP:

 

Tax bill

Percentage of GDP

Economic Recovery Tax Act of 1981

2.89 percent

Revenue Act of 1945

2.67 percent

Revenue Act of 1948

1.87 percent

American Taxpayer Relief Act of 2012 (enacted in 2013)

1.78 percent

Revenue Act of 1964

1.6 percent

Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

1.31 percent

Current tax proposal

0.8 percent-1.2 percent

Revenue Act of 1978

0.8 percent 


Posted by at December 23, 2017 9:04 AM

  

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