We can have high growth with high taxes like they did in the mid 20th century, if we're as good at tax avoidance as they were then.pic.twitter.com/KkAqbOmrU8
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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
matters as compared to the distributional change (in the link above). And then it is still a huge step to a link with growth overall.
yep. huge disconnect between headline rates, what was actually legally owed, and what was actually paid/enforcement
interesting to compare change before & after Reagan's tax reform with IRS's income concept https://randomcriticalanalysis.wordpress.com/2012/09/17/some-data-on-irs-changing-income-concept/ …pic.twitter.com/TQkeO6Oa2a
imo-significant portion of US inequality jump in 80s is due to better alignment btwn taxable income & economic income
Not trying to be a pain but what does "economic income" mean here? Hicks?
my point: there's a real distinction between taxable income at particular point in time & economic income
taxable income has changed a lot over the years. particular definition for economic income can vary +
but at least it can be defined and applied consistently. (and sure i'd go with something like hicks)
the "taxes used to be more progressive" line is misleading. There was NO federal income tax until 1913
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