Since at least the early 1940s.
Posted on 12/04/2012 8:25:22 AM PST by ksen
Since when have marginal rates been trending down?
Since at least the early 1940s.
Doesn’t look like they’re trending down at all. Looks to me like they’ve been level or ticking slightly up for the past 25 years.
"For the U.S. economy, the current top income marginal tax rate on earnings is about 42.5 percent, combining the top federal marginal income tax bracket of 35 percent with the Medicare tax and average state taxes on income and sales."
Not once does he make a convincing argument that the above-described paradigm is not the apex of Laffer. His later paralogisms about elasticity are plowed with doubt precisely because he knows capital flight is a given past 50.
The Pareto coefficient chart from 2005 is as much bunk as the global swarming hockey stick graph from 7 years earlier. I find it deeply ironic that morons like Diamond & Mann embrace 'science' but then want everyone to put their 'faith' in absurd, spurious projections.
Flight will proceed in an ellipitical hybrid of lower tax rates traded off against preferred SoL/climate/lifestyle. Singapore, Oz and Korea are the most likely winners, noting Facebook's financial founder Saverin to the former.
Any further questions, look at France. Not an economic or political regime I'd care to emulate...
You mean the Singapore, Australia, and South Korea that manage to have a more universal healthcare system than the US does and still remain a haven for rich people fleeing the United States?
I guess if you want to cherry pick the info than sure.
I recently first ran across one of KSEN's article posts and I thought I smelled the hint of Troll when I read it and his comment posts.
I still smell it on every one of his posted articles since then, including this one.
His method is to post his article, agree with the article's author that "them rich guys are ripping off us poor folks" (communism 101), for a few posts, then when caught, either fade out, or give a few "I sort of agree with you, all I meant was ...." type of responses, then fade out. Only to return later to try again by posting another lefty article.
He/she is relying on his signup date for cover, but in the early days of FR, many, many leftists were signed on, and the Forum allowed many leftists to spew their socialist/communist propaganda, as part of the "discussion".
Jim finally clearly, and rightfully, stated that FR was not a place for lefties to spew, and as many lefties as were found were spanked, and sent back to DU.
Others simply went into Mole Troll mode, popping up periodically like KSEN does.
Reading through this thread, it appears that more and more FReepers are recognizing KSEN's stripes, and I suspect that it won't be long before he gets the ZOT.
He sounds very much like a liberal troll. He seems to be most interested in pushing higher taxes, more regulation, and economic servitude.
Anyone who wants to claim that supply side economics has failed doesn’t understand that government interventionism is the poison of economics.
And government HAS intervened, horribly and with malice aforthought.
We currently have the most anti-business administration EVER.
And higher taxes DO NOT equal higher growth.
LOWER taxes DO equal higher growth.
That HAS been proven, repeatedly.
Anyone who says otherwise IS trolling.
Is that the “Jaws” them I am hearing in the background?
Yes, I’d like to hear ksen tell us with a straight face how taxes grow the economy by taking money OUT of it.
“Theme”
Man, my typos are becoming weapons grade.
Hahaha Col, like I’ve been hiding what I believe. Jim can ban me if he wants, it’s his site. It’s no skin off my nose.
I doubt he can keep up a dialogue on this without admitting he's a full blown lib. Most of his posts on this thread are simple declarations, very leftist in nature, very wrong, and unsupportable in every way unless you're a leftist.
((((Darksheare))))
I've been quite clear that higher tax rates doesn't mean higher growth. In fact I've said a number of times that there is no statistically significant link between GDP growth and marginal tax rates.
LOWER taxes DO equal higher growth.
The data disagrees with you.
What's to admit? I've clearly stated that I'm a liberal/progressive since I started posting here again.
I also use lots of colorful charts. ;)
Yes, I’d like to hear ksen tell us with a straight face how taxes grow the economy by taking money OUT of it.
I've never claimed that taxes grow the economy. I've claimed that higher marginal rates have not been shown to hurt the economy.
Personally I think what people want is a steady tax rate whatever the rate. Tax uncertainty probably causes a lot more damage than whatever the rate is set at.
Oh, but I have claimed that lower tax rates leads to concentrations of capital and wealth, which I believe the data also bears out.
Too bad. For you. Brain dead is no way to live your life. I suppose you think our economic problem is not taxing the rich enough rather than spending our children's and grandchildren's money on nonsense that does no good for anyone.......
:-)
You're going to end up loving having me around. Just watch. :D
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