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paulg's profile
Paul Graham
Paul Graham
Paul Graham
Verified account
@paulg

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Paul GrahamVerified account

@paulg

paulgraham.com
Joined August 2010

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    Paul Graham‏Verified account @paulg 18 Nov 2015

    A surprising graph. As tax rates vary, the percentage of GDP the government actually collects remains the same. Why?pic.twitter.com/iYYwGLdCHu

    1:28 PM - 18 Nov 2015
    • 23 Retweets
    • 69 Likes
    • Murat Eren Giuliano Giacaglia Sam Willson Phil Chacko John Coghlan Rodrigo Petista Até Novembro Frame Of Stack Jules Pitt Mayank
    19 replies 23 retweets 69 likes
      1. New conversation
      2. Paul Metni‏ @paulmetni 20 Nov 2015
        Replying to @paulg

        @paulg @prchovanec what do you think?

        1 reply 0 retweets 0 likes
      3. Paul Graham‏Verified account @paulg 20 Nov 2015
        Replying to @paulmetni

        @StookBo @prchovanec I think the effort the rich spend on avoiding taxes depends on how high tax rates are.

        0 replies 0 retweets 2 likes
      4. End of conversation
      1. New conversation
      2. Jules Pitt‏ @PittLabs 18 Nov 2015
        Replying to @paulg

        @paulg People say creative tax dodging by the weathy; which I'd believe if we weren't talking about a range of top rates from ~90% to ~24%

        1 reply 0 retweets 2 likes
      3. Paul Graham‏Verified account @paulg 18 Nov 2015
        Replying to @PittLabs

        @PittLabs That is my initial theory.

        1 reply 0 retweets 1 like
      4. Jules Pitt‏ @PittLabs 18 Nov 2015
        Replying to @paulg

        @paulg It's referred to as "Hauser's Law," which was news to me: https://en.wikipedia.org/wiki/Hauser%27s_law …

        1 reply 0 retweets 1 like
      5. Jules Pitt‏ @PittLabs 18 Nov 2015
        Replying to @PittLabs

        @paulg As critics on the wikipedia page point out, would be interesting to see the figures with corporate taxes factored out.

        0 replies 0 retweets 1 like
      6. End of conversation
      1. New conversation
      2. Tommy Nicholas‏ @tommyrva 18 Nov 2015
        Replying to @paulg

        @paulg https://www.youtube.com/watch?v=ldVOPNLSFoA … (not exactly the same thing)

        1 reply 0 retweets 1 like
      3. Benjamin Dean‏ @benjamindean 18 Nov 2015
        Replying to @tommyrva

        @tommyrva @paulg +1 on the Laffer curve

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Rick_Mason‏ @Rick_Mason 18 Nov 2015
        Replying to @paulg

        @paulg Ever hear of the Laffer curve? http://bit.ly/1NPmlKM 

        0 replies 0 retweets 2 likes
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      1. New conversation
      2. Firas Durri‏ @firasd 18 Nov 2015
        Replying to @paulg

        @paulg well, first we have to find out if this data is accurate. It certainly prompts my skepticism.

        1 reply 0 retweets 2 likes
      3. Firas Durri‏ @firasd 18 Nov 2015
        Replying to @firasd

        @paulg found this wikipedia overview of this proposition: Hauser's law https://en.wikipedia.org/wiki/Hauser%27s_law …

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. Druce‏ @druce 18 Nov 2015
        Replying to @paulg

        @paulg statutory rate <> avg effective rate after deductions, avoidance. Income tax only 42% of Fed revenue. Biz cycle largest src of var.

        0 replies 0 retweets 1 like
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      1. Nick‏ @logicarbitrage 18 Nov 2015
        Replying to @paulg

        @paulg the red line is the average not the actual. Over the 60 years percentage GDP has ranged 20-14%, the move is likely caused by tax rate

        0 replies 0 retweets 1 like
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      1. John Seiffer‏ @BetterCeo 18 Nov 2015
        Replying to @paulg

        @paulg % collected isn't same average is. Other calculations would give a different chart.

        0 replies 0 retweets 1 like
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      1. Kurt Marko 🤔 🇺🇸‏ @krmarko 18 Nov 2015
        Replying to @paulg

        @paulg Rates also vary the incentives to fraud, domicile gaming (inversions, other tax-advantaged structures), forms of investment,...

        0 replies 0 retweets 1 like
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      1. TwitBot‏ @vasilipoupkine1 18 Nov 2015
        Replying to @paulg

        @paulg tax rates are about incentives on the margin, not necessarily about % of gdp. Also because clearly gdp grows over time

        0 replies 0 retweets 1 like
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      1. Sahill Poddar‏ @llihas 19 Nov 2015
        Replying to @paulg

        @paulg or people/biz find more creative ways to evade taxes when the rates are high

        0 replies 0 retweets 0 likes
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      1. Yuan‏ @ygengster 18 Nov 2015
        Replying to @paulg

        @paulg largely follows business cycles in a boom economy government makes more $, also, income/property/sales taxes tend to even out

        0 replies 0 retweets 0 likes
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      1. Joseph Curtin‏ @jbcurtin 18 Nov 2015
        Replying to @paulg

        @paulg alas, if I was not bound the obsession for financial independence, I could focus on dissecting the very system I'm trying to beat.

        0 replies 0 retweets 0 likes
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      1. Queryly‏ @Queryly 18 Nov 2015
        Replying to @paulg

        @paulg think us gov as WalMart. It can change its pricing all it wants, but annual revenue growth is basically the GDP.

        0 replies 0 retweets 0 likes
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