During the recent Politicon debate between Cenk Uygur and Ben Shapiro, a lot of time was spent discussing tax policy, and the pros and cons of setting tax rates at different levels. At one point, Uygur responded to Shapiro’s claim that tax revenue is at an all time high by stating:
So when you say tax revenue is at its highest point, now you know that that is misleading because everything economically is at its highest point, meaning that we have a lot more people in the country than we did in the 1950s and 1960s, so hence we are collecting more overall taxes. But, the reality is, as a percentage it is clearly down, the top tax bracket now is around 39%, it used to be at 91%, that’s inarguable right? … To say that it [tax revenue] is at record collection is misleading.

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