Thread: Economics "Soak the rich" is pure folly
View Single Post
Old 07-08-2011, 08:19 PM   #11
alnorth alnorth is offline
MVP
 
alnorth's Avatar
 

Join Date: Dec 2002
Location: Iowania
Casino cash: $12401187
A few relevant charts:



So, a guy making over 10 million generally pays a lower effective rate than a guy making $750,000, due to capital gains. (which historically has generally been somewhere between 20% and 28% until GWB was elected)

Also:



(That is the top marginal income tax rate)

Compared to:



I'm not suggesting that we hike the top rate back over 50% like it was before Reagan, but the 1950's and 60's didn't seem that terrible.

Listening to the right fringe, you'd think that if the top tax rate goes up just ~3% back to where it was during Clinton, we'd have a global meltdown and unemployment over 25%. There's obviously other things going on with jobs than just the top marginal rate.
__________________
<WarMoose> Think about how stupid the average person is. Now realize that half of them are dumber than that.
<Chunda> Why half?
Posts: 25,978
alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.alnorth 's phone was tapped by Scott Pioli.
  Reply With Quote