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Based on: Between The
Balance Sheets blog, where graph was created "by combining the Corporate Profits After Tax data from the NIPA tables with the OMB’s data on the revenue collected by the corporate profit tax. The sum of these two series ought to equal total pre-tax profits (roughly), so from
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Original Source: St. Louis
Federal Reserve Bank, FRED® Economic Data, "Graph: Federal Government: Tax Receipts on Corporate Income (FCTAX)/(Corporate Profits After Tax (CP)+Federal Government: Tax Receipts on Corporate Income (FCTAX))"
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there it is easy to calculate the average effective tax rate." Compare to this FRED graph of identical annual data.
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