On the recordMarch 29, 2011
The average rate of tax collection has been roughly 18 percent of GDP. Whether we like it or not, whether we think it should be higher or not, it is a reality and this reality is nonnegotiable.
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congress.govThe average rate of tax collection has been roughly 18 percent of GDP. Whether we like it or not, whether we think it should be higher or not, it is a reality and this reality is nonnegotiable.
Biggs emphasizes the consistent reality of tax collection rates.
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