Poverty and global inequality are falling. (and perhaps faster than traditional studies indicate) I’ve made this point a few times. The best summary was on Vox EU. In an article called Parametric estimations of the world distribution of income. World … Continue reading
More on the progressivity of the Tax system from AEI and the CBO, incorporating tax shares and income shares Bad news is good news. Killing jobs, discouraging work and ACA The demise of the Great Gatsby curve. The inequality debate is … Continue reading
Adding on to my own analysis about time series trends in income tax progressivity, Professor Munger offers this analysis from the Tax Policy Center. In 2012, the top quintile of the income distribution received 52.5 percent of income and paid 68.3 percent … Continue reading
Naturally, the economics blogosphere is afire with talk of the minimum wage. One of the obvious arguments opponents make is “if a minimum wage hike is so great, why not raise it to $100/hr”? Rhymes with Cars and Girls … Continue reading
My uncle Rod started a conversation with me on Facebook about the proposal to change benefits to a “chained CPI” basis. Along the way, our conversation ran into what I believe is a core, intractable issue with fixing our entitlement … Continue reading
I have asserted in previous posts that the income tax system has become more progressive except within the upper reaches of income distribution. In this post I will use the Tax Foundation data (which comes straight from the IRS) to … Continue reading
Since the high marginal rates of the late ’50s are very hot among the tax hikers, I’ve added these links to my collection: Tax Policy Center on 1958 vs. today, providing data to illuminate all these arguments about the purportedly … Continue reading
I’ve made reference (in my series of posts on taxes and inequality) to potential reported discontinuities in reported income. I downloaded the CBO’s data on taxes from 1979-2009 and created this graph from the reported figures for the top 1% … Continue reading
In my prior link compendium, the middle section of the post listed my prior beliefs about taxes and inequality. I’m going to separate and refine them here. As you can tell, I’ve already done a fair amount of reading on … Continue reading
I’m planning on writing about taxes and inequality, since they are very much in the public debate. Here are some interesting links I’ve stored over the past few years: Marginal Tax Rates, Work and the Nation’s Real Tax System (pdf). … Continue reading