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Proiected Revenues, Compared With Past The 2015 Long-Term Budget Outlook in 25 Slides

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Proiected Revenues, Compared With Past Averages

Percentage of GDP
Individual Corporate Total
Income Taxes Income Taxes Payroll Taxes V Revenues

Average,

wóïkzml‘ '73 Ill ' 5.7 1.7 17.4
2015 IBA ll.8 ' 5.9 1.7 17.7
2040 .104 | l.8 ' 5.7 1.5 19.4

Under current law, revenues would equal l9.4 percent of GDP by 2040, CBO proiects, compared with an average of
l 7.4 percent of GDP over the past 50 years. A boost in receipts from individual income taxes accounts for the rise in
total revenues; receipts from all other sources, taken together, are proiected to decline slightly as a percentage of GDP

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