Do You See a Pattern Here?

April 15th, 2011
  1. Chris T
    April 19th, 2011 at 09:11 | #1

    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
    April 19th, 2011 at 17:14 | #2

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

  3. April 20th, 2011 at 04:45 | #3

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

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