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US Inflation Rate vs US Tax Revenue
US Inflation Rate and US Tax Revenue correlate at r = +0.51 over 53 years (1972–2024), p < 0.0001. With the time trend removed, r = +0.44. Holds up after detrending.
Verdict: Holds up after detrending. Statistically significant (p = < 0.0001) and the association survives trend removal (detrended r = 0.44). Correlation still isn't causation, but this one isn't an obvious artifact.
- Pearson r
- +0.51
- p-value
- < 0.0001
- Years compared (n)
- 53 (1972–2024)
- 95% confidence interval
- 0.28 to 0.69
- Correlation with the time trend removed
- +0.44
Sources
- US Inflation Rate (% annual): World Bank. US Inflation Rate (World Bank indicator FP.CPI.TOTL.ZG).
- US Tax Revenue (% of GDP): World Bank. US Tax Revenue (World Bank indicator GC.TAX.TOTL.GD.ZS).
Related pairs
- US Inflation Rate vs US Bank Lending Interest Rate (r = +0.73)
- US Tax Revenue vs US Unemployment Rate (r = -0.70)
- US Gross Savings vs US Tax Revenue (r = +0.69)
- US Inflation Rate vs US College Enrollment (r = -0.66)
- US Tax Revenue vs US Youth Unemployment (r = -0.66)
- US Gross Savings vs US Inflation Rate (r = +0.60)
Correlation does not imply causation. How the verdict is worked out.