…(The “adjusted” income includes an effective interest that is equal to inflation plus the increase in average national per capita real incomes for each the year since the tax was…

…In the chart below I break down Krugman´s chart and separate mortgage and non-mortgage household debt as a share of NGDP. I also add the behavior of the stock market…

…1977 to 2009, showing incomes over $200,000 per year. Blue is percentage of total households over $200,000 paying no taxes, purple is numbers of high-income households paying no taxes. Numbers…

Many thanks to AB for this paper and for posting Chart 6, which was accompanied by this discussion: Taking into account the influence that declining nominal mortgage interest rates have…

…across. See below and move left to right on each example. First column of each example shows what it was. This next chart shows the income levels by FPL. Where…

…by police noted above does not seem to be driven by income: (As before, click to embiggen & data sources are shown on the chart.) Anyway, I’ve collected more data,…

…will be larger. Subsidies are designed to fill the gap between the percentage of your income that you are expected to contribute toward the cost of a premium (with the…

…to working goes up, they also decrease the incentive to work because they enable households to reach a desired level of income by working less. This income effect is probably…

…income, more wealth…rinse and repeat. This picture says nothing about how the wealth transfers happen (favored tax rates on ownership income, transfers to poorer and older folks, free public schools,…

…surplus from production, more income, more wealth…rinse and repeat. This picture says nothing about how the wealth transfers happen (favored tax rates on ownership income, transfers to poorer and older…