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Taxable Income and Taxes Paid: 1950-2006

Pinned on June 2, 2013 at 10:08 pm by Admin

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Taxable Income and Taxes Paid: 1950-2006

A large part of personal income is not considered “taxable” income by the IRS. In the graph personal income (as calculated by the Bureau of Economic Analysis) is around 80% of GDP. This includes all employee compensation + after tax business income + rent + interest + other income but no capital gains.

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