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- Introduction
- Contents
- Federal Revenue
- Taxes & Tax Rates
- Federal Spending
- Budget Comparisons
- Projected Spending
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Tax Burden Is Rising to Highest Level in History |
Under current law, tax revenues are expected to leap to 25.5 percent of the economy by 2082. Extending the tax cuts would shave only about 1 percentage point off of this burden. AMT and real bracket creep are the biggest drivers of this rising tax burden. |
Federal Tax Revenues as a Percentage of GDP, 1962–2082 |
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Source: Heritage Calculations Based on CBO Long-Term Budget Outlook, December 2007 and Budget and Economic Outlook, January 2008. |
