Talk Elections

General Politics => Economics => Topic started by: phk on July 22, 2012, 01:53:26 PM



Title: Econbrowser: Data on Tax Rates, by Quintiles
Post by: phk on July 22, 2012, 01:53:26 PM
http://www.econbrowser.com/archives/2012/07/data_on_tax_rat.html

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Figure 1: Average Federal tax rates, by pre-tax income quintiles. Figures in parentheses are the incomes at the bottom of the respective quintiles for 4 person households. Source: CBO, The Distribution of Household Income and Federal Taxes, 2008 and 2009, supplementary Excel file.

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Figure 2: Average Federal tax rates, by pre-tax income quintiles. Figures in parentheses are the incomes at the bottom of the respective quintiles for 4 person households. Source: CBO, The Distribution of Household Income and Federal Taxes, 2008 and 2009, supplementary Excel file.

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Figure 3: Scatterplot of per capita GDP growth (Ch.2005$) against tax rate on top fifth quintile, 1979-2009. Nearest neighbor fit, tricube local weighting, bandwidth = 0.7. Source: BEA, CBO, and author’s calculations.


Title: Re: Econbrowser: Data on Tax Rates, by Quintiles
Post by: opebo on July 23, 2012, 10:37:58 AM
So it is true - higher taxes = higher economic growth!


Title: Re: Econbrowser: Data on Tax Rates, by Quintiles
Post by: RI on July 23, 2012, 11:59:53 AM
So it is true - higher taxes = higher economic growth!

Whether or not that's true, correlation does not imply causation, especially when only considering one variable at a time.