Repost: Overton Window of the Top Marginal Income Tax Rate in the US

December 16, 2009 § 14 Comments

Sadly, this is probably news to you. Look at it.

it comes from the Wikipedia on the top marginal US tax rates from 1913-2009.

When did our fair country experience wonderful growth, prosperity, expansion of the middle class and overall good economic shit? When did we have recession, division into haves / have-nots and other bad things? hmmm?

dumb ass trailer park republican voters are to blame for this shit.

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§ 14 Responses to Repost: Overton Window of the Top Marginal Income Tax Rate in the US

  • Sad.
    And interesting…the last time the rates went this low it led right into the great depression. Something did trickle down and it certainly wasn’t prosperity, was it?

  • Nat says:

    There were several recessions between ~1935 and 1980, all when marginal tax rates were similar.

    And marginal tax rate is meaningless without knowing the income threshold required to reach that rate.

    Now, don’t get me wrong, this isn’t to say that income inequality is not rising, nor that I agree in any way with anti-tax people (I’ve voted for every local override to increase town funding, and against state ballot measures that would limit tax rates).

    It’s just that marginal tax rate doesn’t seem very meaningful.

  • bikemonkey says:

    C’mon lazybones, the thresholds are right over at the wikipedia link. I think many will be surprised by those as well.

    and of course the situation is complex. but it isn’t all that complex and when you have broad sweeping claims like “trickle down” and how if we don’t reduce the tax rate all investment will dry up…pretty easy to falsify. Or at least put the onus on the republitards to make a better argument with better data.

    are you really disputing the interval of middle class growth?

  • El Picador says:

    Typical. Tax and spend liberals.

  • Agreed El Pic. I freaking hate the tax and spend liberals. I’d much rather have the don’t-overtly-tax-but-yet-spend (and loot the treasury while carrying the bible and wrapped in the flag and hand the mess and debt to successive generations while blaming the liberals)-conservatives.

  • El Picador says:

    Exactly AM. Why should it be our problem? Your grandkids can work it out for themselves the little slackers.

  • melville says:

    You know, I was handed similar data during some continuing education last week, but not in such fabulous graph form. Makes me think that someone wants this information spread about. Not news to me, of course.

  • bikemonkey says:

    GOOD! Spread this around!!!!!!!!!!!!!!!!

  • bikemonkey says:

    (and whaddaya mean, not news to you. You aren’t that old homes!)

    and while you are reading, check the schmotown link in the sidebar, think you’ll like some of the stories.

  • melville says:

    Not news to me because I work in that field. I don’t have the numbers, but I get the sense that the lower the highest rate, the more that our system relies on the top earners for tax revenue, making the tax revenue stream less stable. Because I’ve now mentioned my work, I need to put this on:

    IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we must advise you that any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding any penalties imposed by a taxing authority, or promoting, marketing or recommending to another party any transaction or matter addressed herein.

  • IRS Circular 230 Disclosure: To…blah, blah, blah

    This is why I hate getting e-mails from fucking douchebag lawyers. Eleventeen fucktillion words of dumshit biolerplate disclaimers for some asshole lawyer to tell me one stupid fucking thing I don’t even want to hear anyway.

  • melville says:

    It’s a joke, Comrade! Not a lawyer, either–I work at the number factory. This time of year I tell rich people it’s OK to be rich.

  • bikemonkey says:

    some of my best friends are lawyers dude.

  • some of my best friends are lawyers dude.

    I’m sorry to hear that. Condolences.

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