Asymptosis: Always Approaching

Do You See a Pattern Here?

Australia: Just wait.

Off the Charts Blog | Center on Budget and Policy Priorities | Blog Archive | Top Ten Tax Charts.

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3 responses to “Do You See a Pattern Here?”

  1. Chris T Avatar
    Chris T

    The really surprising thing about federal taxes is how remarkably constant they’ve been as a share of GDP over the last 60 years, despite heavily varying rates. However, starting in about 2000, their share has dropped dramatically. You can explain about half the deficit by tax receipts alone.

    http://blogs.reuters.com/felix-salmon/2010/12/06/chart-of-the-day-u-s-taxes/

    It would be interesting to see state taxes as a percentage over time.

  2. Chris T Avatar
    Chris T

    @Chris T
    Does this graph include SS and Medicare payroll taxes? I looked at the blog and didn’t see a clear answer.

  3. Asymptosis Avatar
    Asymptosis

    @Chris T
    Yes this is total taxes–local, state, fed.