What portion of the U.S. economy is consumed by federal, state and local taxes?
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In 2016, federal, state and local taxes consumed 26.5% of the U.S. economy. Between 1929 and 2016, the portion of the U.S. economy collected in federal, state and local taxes has ranged from 10% to 28%, with the median being 25% and the average 23%.
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