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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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.
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yep. huge disconnect between headline rates, what was actually legally owed, and what was actually paid/enforcement
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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
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the "taxes used to be more progressive" line is misleading. There was NO federal income tax until 1913
Thanks. Twitter will use this to make your timeline better. UndoUndo
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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 …
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Is there evidence for your claim that tax avoidance has fallen so very steeply?
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