Comments on: Historical Tax Rates by Income Group [NYTimes] http://visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/ Thu, 17 May 2012 22:40:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Kevin Coles http://visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/comment-page-1/#comment-1740 Kevin Coles Sat, 28 Apr 2012 17:52:00 +0000 http://www.visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/#comment-1740 Biased? try taking a look at much of the data at whitehouse.gov--the omb section. This has excellent historical data going back to the 1930s. Try to correlate the eras of huge tax cuts (especially for the wealthy--including capital gains), with revenue generated. You will find that as a percentage of GDP whenever there were large tax cuts, revenue almost always declined (especially when you consider the normal business cycle--ups and downs). It is absolute hogwash that revenues increase when tax rates decline. This is the supply-side myth that has zero basis in reality. Biased? try taking a look at much of the data at whitehouse.gov–the omb section. This has excellent historical data going back to the 1930s. Try to correlate the eras of huge tax cuts (especially for the wealthy–including capital gains), with revenue generated. You will find that as a percentage of GDP whenever there were large tax cuts, revenue almost always declined (especially when you consider the normal business cycle–ups and downs). It is absolute hogwash that revenues increase when tax rates decline. This is the supply-side myth that has zero basis in reality.

]]> By: Nicholas Anderson http://visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/comment-page-1/#comment-1454 Nicholas Anderson Mon, 07 Nov 2011 16:08:00 +0000 http://www.visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/#comment-1454 hey guys do you know any site or book that can give me the historical data of the federal reserve fund rates (AKA interest rates)? I've been looking for awhile and I can't find one. hey guys do you know any site or book that can give me the historical data of the federal reserve fund rates (AKA interest rates)? I’ve been looking for awhile and I can’t find one.

]]> By: Missing the Point | Notes http://visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/comment-page-1/#comment-1394 Missing the Point | Notes Tue, 18 Oct 2011 04:56:32 +0000 http://www.visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/#comment-1394 [...] sector had something to do with it. Or maybe not, depending on who you ask. Maybe it’s the plummeting tax rates for the highest earners. Either way, if we know that income inequality is a problem, and that economic growth would be more [...] [...] sector had something to do with it. Or maybe not, depending on who you ask. Maybe it’s the plummeting tax rates for the highest earners. Either way, if we know that income inequality is a problem, and that economic growth would be more [...]

]]> By: Josiah Perillo http://visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/comment-page-1/#comment-1339 Josiah Perillo Mon, 19 Sep 2011 21:34:00 +0000 http://www.visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/#comment-1339 Yes, agree with this and the others. What is missing is a chart that shows the real taxes paid by each of these income groups. Yes, agree with this and the others. What is missing is a chart that shows the real taxes paid by each of these income groups.

]]> By: zelduh http://visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/comment-page-1/#comment-1211 zelduh Wed, 01 Jun 2011 21:25:00 +0000 http://www.visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/#comment-1211 Corporations find tax deductions to reduce their NET TAXABLE INCOME. A really good deduction is payroll, which is 100% deductible. Corporations find tax deductions to reduce their NET TAXABLE INCOME.

A really good deduction is payroll, which is 100% deductible.

]]> By: zelduh http://visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/comment-page-1/#comment-1210 zelduh Wed, 01 Jun 2011 21:22:00 +0000 http://www.visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/#comment-1210 Can you make a chart like this, but do it AFTER TAX DEDUCTIONS ARE TAKEN??? Can you make a chart like this, but do it AFTER TAX DEDUCTIONS ARE TAKEN???

]]> By: After the crash: the pauperisation of middle-class America | The Long Good Read http://visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/comment-page-1/#comment-1208 After the crash: the pauperisation of middle-class America | The Long Good Read Wed, 01 Jun 2011 04:17:18 +0000 http://www.visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/#comment-1208 [...] else’s tax rates. Half or more of today’s federal deficits would be gone if we simply taxed the richest US citizens at the rates in effect in the 1950s and 1960s. If we also taxed corporations in relation to individuals as we did in the 1940s, the entire [...] [...] else’s tax rates. Half or more of today’s federal deficits would be gone if we simply taxed the richest US citizens at the rates in effect in the 1950s and 1960s. If we also taxed corporations in relation to individuals as we did in the 1940s, the entire [...]

]]> By: After the crash: the pauperisation of middle-class America | Cyber Drive http://visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/comment-page-1/#comment-1207 After the crash: the pauperisation of middle-class America | Cyber Drive Wed, 01 Jun 2011 02:35:26 +0000 http://www.visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/#comment-1207 [...] else’s tax rates. Half or more of today’s federal deficits would be gone if we simply taxed the richest US citizens at the rates in effect in the 1950s and 1960s. If we also taxed corporations in relation to individuals as we did in the 1940s, the entire [...] [...] else’s tax rates. Half or more of today’s federal deficits would be gone if we simply taxed the richest US citizens at the rates in effect in the 1950s and 1960s. If we also taxed corporations in relation to individuals as we did in the 1940s, the entire [...]

]]> By: Is It Time For A New Economic System? - PSFK http://visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/comment-page-1/#comment-1206 Is It Time For A New Economic System? - PSFK Tue, 31 May 2011 17:08:11 +0000 http://www.visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/#comment-1206 [...] else’s tax rates. Half or more of today’s federal deficits would be gone if we simply taxed the richest US citizens at the rates in effect in the 1950s and 1960s. If we also taxed corporations in relation to individuals as we did in the 1940s, the entire [...] [...] else’s tax rates. Half or more of today’s federal deficits would be gone if we simply taxed the richest US citizens at the rates in effect in the 1950s and 1960s. If we also taxed corporations in relation to individuals as we did in the 1940s, the entire [...]

]]> By: Couldn’t possibly happen here though – After the crash: the pauperisation of middle-class America | http://visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/comment-page-1/#comment-1204 Couldn’t possibly happen here though – After the crash: the pauperisation of middle-class America | Tue, 31 May 2011 13:10:05 +0000 http://www.visualizingeconomics.com/2007/11/03/nytimes-historical-tax-rates-by-income-group/#comment-1204 [...] else’s tax rates. Half or more of today’s federal deficits would be gone if we simply taxed the richest US citizens at the rates in effect in the 1950s and 1960s. If we also taxed corporations in relation to individuals as we did in the 1940s, the entire [...] [...] else’s tax rates. Half or more of today’s federal deficits would be gone if we simply taxed the richest US citizens at the rates in effect in the 1950s and 1960s. If we also taxed corporations in relation to individuals as we did in the 1940s, the entire [...]

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