The Learning Curve

New tricks for an old dog.

Individual income tax as a percent of GDP 1994 – 2010

The following chart is based upon numbers obtained from the U. S. Dept. of Commerce Bureau of Economic Analysis (GDP) and the Financial Management Service of the U. S. Treasury (tax receipts). The claim of a Federal budget surplus for 1999 and 2000 comes from Factcheck.org, The budget and deficit under Clinton.

Facts are facts, but interpretation and analysis is something else. That the amounts of individual Federal income tax receipts for 2009 and 2010, as a percentage of Gross Domestic Product (GDP), are at seventeen year lows counts as a fact. The possible beneficial effects of increasing individual income tax receipts is just a suggestion. See: Top Federal income tax brackets 1950 – 2011

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Written by Tom Fox

07/27/2011 at 11:13 am

Posted in Politics

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