David Stockman, former Director of the White House Office of Management and Budget during the Reagan Administration, has in recent years become a prominent and…
Historically, the term “tax rate” has meant the average or effective tax rate — that is, taxes as a share of income. The broadest measure of the tax rate is total federal revenues divided by the gross domestic product.
By this measure, federa…
Wow, nice parabola!
SOURCE: Office of Management and Budget, White House. GRAPHIC: Tobey/The Washington Post. Published on May 15, 2011, 8:08 p.m.
http://www.washingtonpost.com/national/bumping-the-ceiling/2011/05/15/AFKT7Q4G_graphic.
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