HispanicPundit + history + taxes   15

The Laffer Curve | John Goodman's Health Policy Blog | NCPA.org
When it comes to raising tax revenues by raising tax rates on the rich, Mr. Buffett would again appear to be on the wrong side of the argument. Between 1921 and 1928, the top marginal income tax rate fell to 25% from 73%. During this period, tax receipts from the top 1% of income earners rose to 1.1% of GDP from 0.6% of GDP. The top income tax rate dropped to 70% from 91% after the Kennedy tax cuts began in 1964, while tax receipts from the top 1% of earners rose to 1.9% of GDP from 1.3% of GDP in the period 1960 to 1968. By the way, these periods were two of the biggest booms in U.S. history…

Since 1978, the top earned income tax rate fell to 35% from 50%, the top capital gains tax rate fell to 15% from 39.9%, and the highest dividend tax rate fell to 15% from 70%. After taking office in 1993, President Clinton virtually eliminated the capital gains tax from the sale of owner-occupied homes and cut government spending as a share of GDP by the largest amount ever.

Meanwhile, the top
goodman  history  taxes  laffer  sidebar  wsj 
january 2012 by HispanicPundit
Taxing The Rich And Economic Growth | ThinkProgress
Yglesias and Klein make the argument that high tax rates do not impede growth.
economic-growth  taxes  history  conservatives  yglesias  fundamentals  sidebar  graphs 
june 2011 by HispanicPundit
KeithHennessey.com » The total tax battle
ONly the Republican proposal would keep taxes lower than their historic averages...both Obama and House Democrats want substantially raise taxes.
taxes  history  republicans  Democrats  obamaAdministration  hennessey  sidebar 
april 2009 by HispanicPundit
About Starving Beasts and Supply Side Tax Cuts | Capital Gains and Games
A prominent member of the Reagan administration gives his views on tax cuts and starve the beast.
Reagan  taxes  deficits  History  sidebar 
april 2008 by HispanicPundit
CARPE DIEM: Tax Deadline Approaches: Bring Us Back to 1913
See the original 1913 IRS 1040 form here (only 4 pages including all forms and instructions).
taxes  History  perry  sidebar 
march 2008 by HispanicPundit
Greg Mankiw's Blog: Tax rates: Current vs Historical averages
A new CBO report gives the effective federal tax rate by income group. These numbers include all federal taxes, not just income taxes, and are expressed as a percentage of household income.
taxes  History  mankiw  sidebar 
december 2007 by HispanicPundit
EconLog, Foreward to Bryan's Book, Arnold Kling: Library of Economics and Liberty
"At the time of the Founding Fathers, restricting the vote to people with property was probably thought to be a great way to protect free markets from democratic redistributionism. The thinking must have been, "if you've got property, you won't want it st
democracy  History  USA  taxes  philosophy  sidebar 
august 2007 by HispanicPundit
CARPE DIEM: JFK: Supply-Side Economics
Oh how times have changed - the days when Democrats understood taxes destructive force.
tax-cuts  taxes  democrats  History  economics  sidebar 
may 2007 by HispanicPundit

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