Comments for Visualizing Economics

Comment on Federal Taxes paid/received for each State by Ralph Smith

Ralph Smith — Sun, 05 Feb 2012 17:17:00 +0000

“From each according to his ability, to each according to his need.” K Marx

Comment on Federal Taxes paid/received for each State by Ralph Smith

Ralph Smith — Sun, 05 Feb 2012 17:16:00 +0000

You should like it:
“From each according to his ability, to each according to his need.” K Marx

Comment on Where are the billionaires? by 84 карты, которые вы хотели увидеть - О статистике, по-русски

84 карты, которые вы хотели увидеть - О статистике, по-русски — Sun, 05 Feb 2012 08:57:11 +0000

[...] 44. CATHERINE [...]

Comment on Comparing Income, Corporate, Capital Gains Tax Rates: 1916-2011 by Anonymous

Anonymous — Sat, 04 Feb 2012 11:03:00 +0000

YOU need to look at Nixon’s returns – he was a notorious tax cheat who paid only 0.5% in 1970 and 1971 and 1.5% in 1972 thanks to false deductions, AND he evaded state income taxes, until he was reaudited in 1974. He was eventually forced to pay nearly 60% of his gross income for 1970-1972. Gerald Ford, immediately after Nixon’s resignation, paid 42%.

Way to defeat your own point.

Plus if you’re going to talk real dollars, you need to consider the chart in real dollars as well, where a million in 2012 dollars isn’t anywhere near the top bracket before 1980 – for instance, the 91% rate in 1955 was 1.6M in 1955 dollars, or $13.5M 2012 dollars.

Comment on Top Marginal Tax Rates 1916-2010 by Daniel Steward

Daniel Steward — Fri, 03 Feb 2012 22:31:00 +0000

I agree this is really not good for the country.

Comment on Comparing Income, Corporate, Capital Gains Tax Rates: 1916-2011 by Comparing Income, Corporate, Capital Gains Tax Rates: 1916-2011 « ivgnnm

Comparing Income, Corporate, Capital Gains Tax Rates: 1916-2011 « ivgnnm — Fri, 03 Feb 2012 08:35:51 +0000

[...] http://visualizingeconomics.com/2012/01/24/comparing-tax-rates/ Like this:НравитсяБудьте первым, кому понравился этот . Добавить комментарий [...]

Comment on Pay off your credit card debt by Mark Dominus

Mark Dominus — Wed, 01 Feb 2012 06:49:00 +0000

This is an unusually misleading and deceptive infographic. The left-hand red region is 4,8 times as tall, and covers 4.5 times as much area as the right-hand region, even though the cost of the left-hand option is only one-third more.

It also doesn’t take into account discounting of future costs due to inflation and opportunity costs.

Comment on Pay off your credit card debt by Top Marginal Tax Rates 1916-2010 — VisualizingEconomics | Dallas Trust Lawyer

Mon, 30 Jan 2012 11:19:07 +0000

[...] Taxes Are Going UpPaul Krugman Is Wrong About Capital Gains TaxesState Income Tax Brackets and RatesPay off your credit card debt — Visualizing Economics // (function($) { $.fn.et_shortcodes_switcher = function(options) { var defaults = { slides: [...]

Comment on The Great Divergence In Pictures: A visual guide to income inequality. [Slate] by Anonymous

Anonymous — Sat, 28 Jan 2012 02:37:00 +0000

I think the picture is incomplete if we only know about inequality. We have to see absolute income as well. Looking at plots of world income across countries its very clear that we all started with terrible GDP per capita. Then one by one countries industrialize and their income takes off. Some countries, mostly in sub-Saharan Africa haven’t done so (yet). The income inequality has been rising like crazy over the last 200 years, but I dont think we’d argue that western europe should have stayed poor to maintain equality. Its mostly not true that the growth of the global rich (everyone in the US) has been at the cost of the poor. So it matters a lot when talking about the US whether the super-rich are simply getting super rich because for instance they went to college a lot of years and are productive, and everyone else is staying the same because they haven’t changed productivity, OR if the super rich are getting rich from a zero-sum pool of money and at the expense of the poor. I think there has to be a plot of median income in each quin-tile, or the inequality plots simply dont provide a way to get the whole picture.

Also it would be useful to know if your quin-tiles are calculated using median income in the income band or using total money in the band. If using total money then the top quin-tile can be skewed by a single super rich individual, even though that really doesnt say much about the country overall. But which-ever, it should be made clear.

Comment on Comparing Income, Corporate, Capital Gains Tax Rates: 1916-2011 by Anonymous

Anonymous — Fri, 27 Jan 2012 20:43:00 +0000

To present ‘information’ about marginal tax rate with recognizing the change in deductions is at best ignorant and at worst deliberatively deceptive.

When Reagan lowered the marginal rate, many deductions such as personal interest or multiple vacation homes were eliminated. At the time some, myself included, were concerned that in the future Democrats would try and raise the rates back up by just comparing marginal rates. I hate being right.