>The US GDP directly translates into the amount of taxes paid. Suppose a 50% drop in the value of USD happens. If nothing else happens taxes increase by 100%, and people need to acquire more USD which drives the value of the currency up.
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GDP is produced and denominated in USD, domestic taxes are paid in USD. How does a drop in the relative value of USD compared to a foreign currency influence domestically paid taxes in any way?
? GDP is produced and denominated in USD, domestic taxes are paid in USD. How does a drop in the relative value of USD compared to a foreign currency influence domestically paid taxes in any way?