Gary Burtless brings us changes in real after-tax income for various quantiles, since 1979 and 2000. Unsurprisingly, the incomes of the wealthy have a much higher beta to the economy than the poor. Yet people keep presenting that as a … Continue reading
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
I had not quite realized how few households pundits are talking about. I’ve railed against exhibits like this one, because they are used by people who don’t distinguish between the 1%, the 0.1% and the ridiculous 0.01% in the graph: … Continue reading
The NYT comes through with a terrific set of interactive graphics on the tax burden over time. Some of the series are subject to the same analytical shortcomings I’ve discussed elsewhere, but they’ve laid data out in a really appealing … Continue reading
John Cochrane does a superb job of walking through the unfairness at the low end of the income tax system Written into law is a much larger welfare state than we actually have. Americans don’t fully play the game. Yet. … 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
Consider the following three graphs which seem to tell different stories. You have to read carefully to see that they don’t directly contradict each other: Recently Annie Lowrey, blogging in the “debt Reckoning” section , posts the top graphic … 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