by Mike Kimel How Tax Rates Affect Investment and Consumption – A Look at the DataCross posted at the Presimetrics blog This post looks at how changes in the top marginal tax rates affect peoples’ decisions on how much to consume and invest. Ask a libertarian or conservative economist and the answer is obvious – […]
CoRev asks if anyone wants to discuss the justifications of the beneficiaries of the different parties policies. So I though this gives me an opportunity to present some recently publishedCBO data on income and tax that could give people something to tie the discussion to. Republican policy has been to favor the more affluent in […]
by Mike KimelCross-posted on the Presimetrics blog. Taxes and Private Sector Investment – Evidence from the Real WorldLast week I had a post (which appeared both here and at Angry Bear). The post included the following graph: Figure 1 The graph looks at every eight year period since 1929 (the first year for which National […]
Robert Waldmann told Paul Krugman so About 21 months ago Paul Krugman had a question lower and middle-income Americans would be substantially better off under the Obama plan. But where is the money for health care reform? I proposed an answer there are two puzzles in Obama’s proposals1) How does he plan to pay for […]
[cross-posted on ataxingmatter–see posting there for additional comments] As some of you may know, I am one of the many people who eat a vegetarian diet. I don’t eat cows, pigs, fish, whales, sharks, chicken, turkey, sheep, wild game, tame game… As I sometimes say when people ask me about my diet, I eat everything […]
by reader coberly Andrew Biggs wrote that current Medicare recipients have not paid enough for the benefits they will recieve. He states that “since this is zero sum, it means that future taxpayers will get less than they pay for.” Here is an excerpt of what he said, followed by my comments. Biggs said: unlike […]
Robert Waldmann Steve Benen made a graph out of a table from a column by Bruce Bartlett. Bruce Bartlett is an interesting figure — a heterodox conservative who praises Reagan and criticizes Bush Jr. The figure sure fits Bartlett’s line. It shows the effective tax rate on families with median income. Sad to say, Steve […]
My Loyal Reader notes that the economic survival of Zimbabwe’s current government is now largely dependent on sin taxes: As he presented his revised 2009 budget to parliament, Finance Minister Tendai Biti noted that “indirect taxes made up of customs and excise duty have contributed 88 percent of government revenue, which means that the government […]
Via Stefan Karlsson, Kash guest-posts at EconBrowser. With—as will come as no surprise to long-time AB readers—lots of graphics.
While there was a lot of blather about “values voters” swinging the 2004 Presidential election to the man who had none, the real story has always been that the HENRYs went for W’s policies. That changed in 2008: Guess who won Joe the Plumber’s vote…real people who make about $42,000 a year, the median income […]