by John Russonello, Fri Aug 20, 2010 at 12:10:57 PM EDT
(Cross-posted from Think it Through.)
The Washington Post created a new government statistic this week, and played it on page one – the average tax rate. The post story actually highlighted this in red ink: “If Obama’s 2011 budget is enacted: average [tax] rate rises to 21.4%.”
If you are wondering whether you pay the “average tax rate,” stop wondering – there is no such rate.