Wednesday, May 31, 2017

Per Capita Taxes Have More Than Doubled Since JFK


(CNSNews) Real federal taxes per capita have more than doubled since John F. Kennedy served as president — and argued for lower taxes.

In 1961, the fiscal year Kennedy was elected, the federal government collected about $94.388 billion in taxes, according to the Office of Management and Budget. The population that year was about 183,691,481, according to the Census Bureau. That meant federal tax revenues equaled about $514 per capita — or $4,121 in 2016 dollars.

Read full article here.

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