Tax revenue inconsistency...

[Jack Bauer]

Historically, taxes are 18-19% of GDP.

In 2009, it was expected that the tax revenue (federal) would be $ 2.7 trillion which would be 19% of the $ 14.1 trillion GDP.

However, the tax revenue received was only $ 2.1 trillion - 15% of the GDP.

Why was there a drop in revenue? I don't remember any major chances to the tax system. Can anyone fill me up on this?

[LibForestPaul]

Who expected it? Why did they expect this? Why was this expected amount disclosed? And what would have occurred otherwise had they expected more or expected less?

[TIMB0B]

I'd say a contributing factor was the "Home Buyer Tax Credit" which didn't officially expire until 9/30/10.

[MN Patriot]

The drop in revenue might be due to the high unemployment rate among the tax slaves. That is why government is so concerned about keeping the tax slaves productive, more loot for them.

[BrendenR]

The drop in revenue might be due to the high unemployment rate among the tax slaves. That is why government is so concerned about keeping the tax slaves productive, more loot for them.

The real problem is they don't have to care about tax revenue, cause the Fed can just keep printing money.