Nominal GDP and real GDP per head from eh.net/hmit/gdp/

   

Federal receipts from page 22 of

  
           

http://www.whitehouse.gov/omb/budget/fy2005/pdf/hist.pdf

  

Year

nominal GDP millions

Receipts millions

 

Ratio of Receipts to GDP

Real GDP per head in year 2000 dollars

Year

ln real GDP per head

Receipts to GDP

growth on past year

 

Average growth in high tax years

Average growth in low tax years

 

1950

293800

39443

 

0.1343

11672

1950

9.365

13.4251%

     

1951

339300

51616

 

0.1521

12365

1951

9.423

15.2125%

5.768%

 

1.08%

2.43%

 

1952

358300

66167

 

0.1847

12620

1952

9.443

18.4669%

2.041%

 

Defining high tax years as federal receipts more than 18.1% of GDP

  

1953

379400

69608

 

0.1835

12982

1953

9.471

18.3469%

2.828%

 

for reasons that should be apparent by looking at the graph

  

1954

380400

69701

 

0.1832

12669

1954

9.447

18.3231%

-2.441%

    

1955

414800

65451

 

0.1578

13336

1955

9.498

15.7789%

5.131%

    

1956

437500

74587

 

0.1705

13356

1956

9.500

17.0485%

0.150%

    

1957

461100

79990

 

0.1735

13380

1957

9.502

17.3476%

0.180%

    

1958

467200

79636

 

0.1705

13033

1958

9.475

17.0454%

-2.628%

    

1959

506600

79249

 

0.1564

13728

1959

9.527

15.6433%

5.195%

    

1960

526400

92492

 

0.1757

13847

1960

9.536

17.5707%

0.863%

    

1961

544700

94388

 

0.1733

13936

1961

9.542

17.3284%

0.641%

    

1962

585600

99676

 

0.1702

14556

1962

9.586

17.0212%

4.353%

    

1963

617700

106560

 

0.1725

14976

1963

9.614

17.2511%

2.845%

    

1964

663600

112613

 

0.1697

15627

1964

9.657

16.9700%

4.255%

    

1965

719100

116817

 

0.1624

16423

1965

9.706

16.2449%

4.968%

    

1966

787800

130835

 

0.1661

17293

1966

9.758

16.6076%

5.162%

    

1967

832600.0

148822

 

0.1787

17536

1967

9.772

17.8744%

1.395%

    

1968

910000.0

152973

 

0.1681

18199

1968

9.809

16.8102%

3.711%

    

1969

984600.0

186882

 

0.1898

18578

1969

9.830

18.9805%

2.061%

    

1970

1038500.0

192807

 

0.1857

18395

1970

9.820

18.5659%

-0.990%

    

1971

1127100.0

187139

 

0.1660

18774

1971

9.840

16.6036%

2.039%

    

1972

1238300.0

207309

 

0.1674

19557

1972

9.881

16.7414%

4.086%

    

1973

1382700.0

230799

 

0.1669

20488

1973

9.928

16.6919%

4.651%

    

1974

1500000.0

263224

 

0.1755

20199

1974

9.913

17.5483%

-1.421%

    

1975

1638300.0

279090

 

0.1704

19962

1975

9.902

17.0353%

-1.180%

    

1976

1825300.0

298060

 

0.1633

20826

1976

9.944

16.3294%

4.237%

    

1977

2030900.0

355559

 

0.1751

21570

1977

9.979

17.5075%

3.510%

    

1978

2294700.0

399561

 

0.1741

22531

1978

10.023

17.4123%

4.359%

    

1979

2563300.0

463302

 

0.1807

22987

1979

10.043

18.0744%

2.004%

    

1980

2789500.0

517112

 

0.1854

22716

1980

10.031

18.5378%

-1.186%

    

1981

3128400.0

599272

 

0.1916

23061

1981

10.046

19.1559%

1.507%

    

1982

3255000.0

617766

 

0.1898

22400

1982

10.017

18.9790%

-2.908%

    

1983

3536700.0

600562

 

0.1698

23199

1983

10.052

16.9809%

3.505%

    

1984

3933200.0

666486

 

0.1695

24652

1984

10.113

16.9451%

6.075%

    

1985

4220300.0

734088

 

0.1739

25444

1985

10.144

17.3942%

3.162%

    

1986

4462800.0

769215

 

0.1724

26084

1986

10.169

17.2362%

2.484%

    

1987

4739500.0

854353

 

0.1803

26725

1987

10.193

18.0262%

2.428%

    

1988

5103800.0

909303

 

0.1782

27578

1988

10.225

17.8162%

3.142%

    

1989

5484400.0

991190

 

0.1807

28285

1989

10.250

18.0729%

2.531%

    

1990

5803100.0

1031969

 

0.1778

28493

1990

10.257

17.7831%

0.733%

    

1991

5995900.0

1055041

 

0.1760

28067

1991

10.242

17.5960%

-1.506%

    

1992

6337700.0

1091279

 

0.1722

28601

1992

10.261

17.2188%

1.885%

    

1993

6657400.0

1154401

 

0.1734

28981

1993

10.274

17.3401%

1.320%

    

1994

7072200.0

1258627

 

0.1780

29779

1994

10.302

17.7968%

2.716%

    

1995

7397700.0

1351830

 

0.1827

30163

1995

10.314

18.2737%

1.281%

    

1996

7816900.0

1453062

 

0.1859

30917

1996

10.339

18.5887%

2.469%

    

1997

8304300.0

1579292

 

0.1902

31922

1997

10.371

19.0178%

3.199%

    

1998

8747000.0

1721798

 

0.1968

32868

1998

10.400

19.6844%

2.920%

    

1999

9268400.0

1827454

 

0.1972

33939

1999

10.432

19.7170%

3.207%

    

2000

9817000.0

2025218

 

0.2063

34788

2000

10.457

20.6297%

2.471%

    

2001

10128000.0

1991194

 

0.1966

34692

2001

10.454

19.6603%

-0.276%

    

2002

10469600.0

1853173

 

0.1770

34899

2002

10.460

17.7005%

0.595%

    

2003

10971200.0

1782342

 

0.1625

35492

2003

10.477

16.2456%

1.685%

    

2004

11734300.0

1798093

 

0.1532

36627

2004

10.509

15.3234%

3.148%

    

2005

 

2036273

   

2005