The Tax Foundation: ‘A Closer Look at Popular USA Today Article Claiming Historically Low Taxes’

Gerald Prante:

Despite these problems of data definition, the headline’s claim about 2009 being a year of historically low taxes isn’t far off. Tax Freedom Day, which is calculated by taking total taxes divided by a broad income measure, NNP (which is somewhat close to personal income), had a rate of about 26.6 percent in 2009, which was the lowest since 1959.

★ Wednesday, 12 May 2010