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| | |-+  Econbrowser: Data on Tax Rates, by Quintiles
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Author Topic: Econbrowser: Data on Tax Rates, by Quintiles  (Read 214 times)
phk
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« on: July 22, 2012, 01:53:26 pm »
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http://www.econbrowser.com/archives/2012/07/data_on_tax_rat.html


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.


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.


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 authorís calculations.
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opebo
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« Reply #1 on: July 23, 2012, 10:37:58 am »
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So it is true - higher taxes = higher economic growth!
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realisticidealist
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« Reply #2 on: July 23, 2012, 11:59:53 am »
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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.
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