Tuesday, October 16, 2007

Personal Taxes as a Percent of GDP

Source. Click on the above graph to enlarge.

Data note: According to the BEA, "personal current taxes are tax payments (net of refunds) by persons that are not chargeable to business expense and certain other payments that are made by persons to government agencies (except government enterprises) that are treated like taxes. Personal taxes includes taxes on income, including realized net capital gains, and on personal property. Contributions for government social insurance is not included. Personal current taxes are used in the derivation of disposable personal income, which is calculated as personal income less personal current taxes."