This is missing what changed. Among other things this: https://ourworldindata.org/taxation/#recent-trends-in-the-incidence-of-taxation … US taxation used to be much more progressive.pic.twitter.com/zQbYtHFcYe
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This is missing what changed. Among other things this: https://ourworldindata.org/taxation/#recent-trends-in-the-incidence-of-taxation … US taxation used to be much more progressive.pic.twitter.com/zQbYtHFcYe
Tax *rates* increased more steeply. That doesn't mean what was actually paid did.
True. Unfortunately that seems to be an issue until today: http://glineq.blogspot.co.uk/2016/02/are-us-taxes-progressive-all-way-to-top_16.html …
Is there evidence for your claim that tax avoidance has fallen so very steeply?
Several of the books I read for "The Refragmentation" talked about how widespread it used to be.
I've also heard from financial advisors that it used to be much more common.
And I myself remember constant references to "tax shelters" in popular culture, even in sitcom plots.
Maybe that is true. Additionally, the decline of top rates also gives less incentive to avoid today. But still open how much this
That doesn't prove that there can't be high growth without tax avoidance...
No, but it is a necessary qualification whenever anyone uses that chestnut about high taxes during the mid 20 C.
In 50s when top income tax rate was 91% the top capital gain tax was 25% - so the rich just took cap gain instead of wage income
The distribution matters. Can be much higher at the top, a bit lower at the bottom, and deliver same receipts. It's not tax evasion.
what happened in 1940 to increase growth so fast? Maybe we should replicate that?
Interesting if you overlay with the highest personal income tax brackethttps://fred.stlouisfed.org/series/IITTRHB
isn't also the case that when personal income taxes were high, owners were more likely to reinvest gains into growing the business?
skeptics are uniquely positioned to redefine religiosity as a tool for local change via community organizations and tax avoidance.
by extension, low taxes with low avoidance would also lead to high growth... side effect would be more equal corp playing field
or if we don't use the advanced detection tools they didn't have then
a link to the data might seal the case nicely.
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