BUSINESS

Federal Tax Rates For Most Are Lowest Since 1960s: Bruce Barlett

06/21/2011 09:45 am ET | Updated Aug 21, 2011

A couple of weeks ago, I discussed the low level of federal taxes as a share of the gross domestic product in the United States, both historically and in comparison with other developed economies. I noted that total federal revenue — income, corporate and payroll taxes combined –– has been below 15 percent of gross domestic product for three years in a row, its lowest level since 1950 and well below the postwar average of about 18.5 percent of G.D.P.

Read more on New York Times

Suggest a correction