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Taxes Explained Within MAGA's Attention Span

Hmm… how, exactly, would higher federal taxation of “the rich” make (or keep) housing prices lower?

It doesn’t appear that federal revenue (as % of GDP) has significantly changed over time.

fred.stlouisfed.org

Federal Receipts as Percent of Gross Domestic Product

Graph and download economic data for Federal Receipts as Percent of Gross Domestic Product (FYFRGDA188S) from 1929 to 2024 about receipts, federal, GDP, and USA.
fred.stlouisfed.org
 
ttwtt78640 said:
Hmm… how, exactly, would higher federal taxation of “the rich” make (or keep) housing prices lower?

It doesn’t appear that federal revenue (as % of GDP) has significantly changed over time.

fred.stlouisfed.org

Federal Receipts as Percent of Gross Domestic Product

Graph and download economic data for Federal Receipts as Percent of Gross Domestic Product (FYFRGDA188S) from 1929 to 2024 about receipts, federal, GDP, and USA.
fred.stlouisfed.org
Click to expand...
(sigh)

MAGA wants to take the country back to when America was great. Back when America was great the highest federal tax rate in the 1950s was 90%. In the 1970s it was 70%.

It is now 37%.
And Trump's tax breaks for corporations and the uber rich will continue. Food stamps, Medicaid, PBS, VOA, not so much.

MAGA is ****ing stupid.
 
Last edited:
Loulit01 said:
(sigh)
Click to expand...

The claim made in your (short Know Your History) OP video was that changes in top income taxation rates (after 1957?) caused housing prices to rise in the UK and US. It seems you’re unable to defend that claim.
 
ttwtt78640 said:
The claim made in your (short Know Your History) OP video was that changes in top income taxation rates (after 1957?) caused housing prices to rise in the UK and US. It seems you’re unable to defend that claim.
Click to expand...
Yep, absolutely unable.

(sigh)
 
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