US Taxes As A Percent of GDP

Source: Department of Numbers

Tax Revenues Slump as the US Budget Deficit Soars

Income Tax revenue is taking a drop commensurate with the kind of slump which we are experiencing in domestic GDP.



But there is a bull market in government spending. This does not include much of the support being given to Wall Street banks and other 'off balance sheet' shenanigans.



Thanks to Escape From America Magazine for these charts.