Tag Archives: taxation

This Moment In Economic History

Astonishing and depressing series of charts from Henry Blodget at Business Insider. A small selection:

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Destroying Prosperity By Punishing Our Job Creators With Excessive Taxation

Via this post on his new book, a few charts from Lane Kenworthy on the consequences of excessive taxation. Tax receipts and economic growth: Tax receipts and unemployment: Generally speaking, conservatives simply ignore these deeply politically incorrect facts. Sometimes, though, … Continue reading

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Deficit Reduction In The Current Context

We shouldn’t be doing it. We can borrow money for about free, and we have an unemployment crisis, vs. a long-term debt problem. But if we are dumb enough to focus on deficit reduction… we should return high-income rates to … Continue reading

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Mush From The Wimp

A wimp in the Senate so wimpy he sought anonymity to mewl out his wimpy mush: After pledging to send a job-creation package to Congress next month and daringRepublicans to block it, President Obama offered few specifics Tuesday about the form the plan … Continue reading

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Conservatives Recoil In Horror At Republicans, Praise Stimulus

As has been noted around here a time or two, pretty much everyone who knows anything about anything economics has rejected and denounced the Republican Party. At National Review, Kevin Williamson stares in stunned disbelief at the candidates’ responses to … Continue reading

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Adam Smith: Marxist

“The necessities of life occasion the great expence of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal … Continue reading

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Republicans Don’t Give A [Hoot]

Some people are crowing about poll results showing that few people want to extend the Bush tax cuts, or that most people (including most Republicans) want to increase marginal income tax rates on the very highest income earners. It’s important, first … Continue reading

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Polls And Reality On The Causes Of The Debt

Here’s how we got here, on the debt: And here’s where Pew says Americans think it comes from: Surprised to see how few people realize that the Bush tax cuts are the leading cause of the current debt level.

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Debunking A Tax Myth

A new analysis from the Center for Budget & Policy Priorities finds that people move for jobs & housing, not to avoid taxes: The migration that’s occurring is much more likely to be driven by cheaper housing than by lower … Continue reading

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Deficits Are A Consequence Of Spending And Revenue

This chart from Jonathan Hopkin shows little correlation between spending levels and deficits: Now, I wouldn’t draw any grand conclusions from the experience of 2007-2010 because it was rather unusual. Still, interesting, especially given that the US is a low-spending, low-tax … Continue reading

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BREAKING: Paul Ryan Is Full Of Crap

From Jon Chait, reviewing a 2001 AEI discussion of the proposed Bush revenue reductions: [Bob Greenstein of the Center on Budget and Policy Priorities –RE] is taking the sensible position that the 2001 recession seems mild enough that Keynesian tax … Continue reading

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Facts Retain Their Liberal Bias Against The Heritage Foundation

As we all know, the federal government gets about equal amounts of revenue from income taxes and payroll taxes: The Heritage Foundation feels your pain, if you’re a household making six-plus figures: “the top 10 percent of income earners—those making … Continue reading

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Popular And Unthinkable Policies

Bruce Bartlett notes that poll after poll shows majority support for increasing some taxes. The Republican Party is universally opposed and intransigent on this issue, so it can’t happen, despite the lack of benefits from the Bush tax policies and … Continue reading

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Water Is Wet, The Sky Is Blue, And The US Is A Low-Tax Country

People are talking about Bruce Bartlett’s column yesterday at the NYT pointing out that US tax levels are at relative historic lows, even though this isn’t exactly breaking news.  Bartlett also notes that US corporate tax revenues are low for … Continue reading

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In the Strife of Truth with Falsehood: The Present Crisis Explained by Charts

The US federal government has high current debt levels. Though not astronomical by current world standards.

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