Tag: tax cuts
-
Ronald Reagan was a JFK Wannabe
Based on the video clip below, I think it is now clear that Ronald Reagan was merely a John Kennedy wannabe.
-
Spinning Tax Cuts in the Wall Street Journal
Economist Greg Mankiw has posted an article on his blog today called Ip is caught framing that shows how reporters sometimes spin economic news. He quotes Greg Ip: The data show that the average tax rate for all taxpayers was 12.1% [in 2004], up slightly from 11.9% in 2003 but down from 15.3% in 2000,…
-
Tax Cuts for the Wealthy: Appearances v. Reality
Realclearpolitics.com has an interesting article about tax cuts and the impact on the share of taxes paid by the wealthy called Tax Cuts for the Wealthy: Appearances v. Reality. According to their research, the top 1% of Americans paid the following proportions of 100% of income taxes: 1980 = 19.3% (Tax rate 70%) [Reagan…