@skiptdouglas
I'd be surprised if US taxes dont have to go considerably above that - whoever is in power
US Federal govt current account deficit was $400Bn US in 2016. It more than doubled under Trump and is now forecast to be US$1.2t minimum on a trend basis
Part of what did this was Trump's tax cuts - below is the US tax take from corporations - while govt spending rose prodigously
that is a ~40% fall in taxes at the strongest time in the economic growth cycle
that is a very very big gap between US annual income and outgoings that someone - Biden presumably- will have to look to fill
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