It is amazing what kind of tax burden our population can endure and still produce booms like those seen in the 50s and 60s, not to mention the 90s. And yes, it's also amazing that the difference between the two rightmost bars is the difference between capitalism and socialism.
Sunday, March 8, 2009
Marginal tax rates
Matt Yglesias reproduces this chart from John Cole:It is amazing what kind of tax burden our population can endure and still produce booms like those seen in the 50s and 60s, not to mention the 90s. And yes, it's also amazing that the difference between the two rightmost bars is the difference between capitalism and socialism.
It is amazing what kind of tax burden our population can endure and still produce booms like those seen in the 50s and 60s, not to mention the 90s. And yes, it's also amazing that the difference between the two rightmost bars is the difference between capitalism and socialism.
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