Relationship between tax revenue and central government debt over time in the United States

16 days ago
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This scatter chart displays tax revenue (% of GDP) against central government debt (% of GDP). The data is from the countries entity and is filtered where the country is the United States.

Analysis

Legend

There are 3 fields used on this chart (including filters):
  • country: Name of country.
  • central government debt: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. This field is expressed in % of GDP.
  • tax revenue: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue. This field is expressed in % of GDP.

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Details

This chart is based on data from: World Bank

This chart can be used under the CC BY 4.0 license

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