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1 Michael Schuyler, A Short History of Government Taxing and Spending in the United States 1 (2014)

handle is hein.taxfoundation/taxfaax0001 and id is 1 raw text is: TAX FOUNDATION Feb. 2014 No. 415 A Short History of Government Taxing and Spending in the United States By Michael Schuyler Fellow Key Findings * Between 1900 and 2012, federal government receipts increased from 3.0 percent of the economy's output to 16.5 percent, and federal expenditures rose from 2.7 percent of economic output to 24.0 percent. * Between 1930 and 2012, state and local government receipts grew from 8.0 percent to 13.0 percent of economic output, while their expenditures rose from 9.1 percent to 14.8 percent of output. * From 1930 to 2012, total government revenue grew from 11.1 percent of GDP to 26.4 percent of GDP, and total government spending grew from 12.1 percent of GDP to 35.6 percent of GDP. * Until 1940, state and local government were responsible for most government spending and collected most government revenues, except during major wars. ........................................................... ...........

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