Huffpost Business

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

Posted: Updated:
FEDERAL TAX RATES
Print

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 the whole story at New York Times

Around the Web

2011 Income Tax Rates Prediction

2011 tax bracket rates

The Myth of the Lower Marginal Tax Rates

Wiles: It's time for a midyear tax review