Hearing some politicians talk about taxes, one might be convinced the United States has one of the highest tax rates in the world.
But the reality is the federal tax rate, broadly measured, is the lowest it has been in 60 years,Bruce Bartlett writes in a new column. A look at the effective tax rate, which expresses taxes as a share of the country's economic output, belies the stream of political rhetoric arguing that taxes are relatively high, says Bartlett, who was a senior policy analyst under President Ronald Reagan.
But the reality is the federal tax rate, broadly measured, is the lowest it has been in 60 years,Bruce Bartlett writes in a new column. A look at the effective tax rate, which expresses taxes as a share of the country's economic output, belies the stream of political rhetoric arguing that taxes are relatively high, says Bartlett, who was a senior policy analyst under President Ronald Reagan.
