tag:blogger.com,1999:blog-11027528911364475.post5839930678834815941..comments2024-02-18T21:10:05.205-08:00Comments on EconomPic: Why the U.S. is Broke... Personal Current Tax EditionJakehttp://www.blogger.com/profile/07946497592651234440noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11027528911364475.post-7310395572506300892009-11-28T10:22:57.767-08:002009-11-28T10:22:57.767-08:00...in other words, those capita who are still empl......in other words, those capita who are still employed are probably paying the same old rate they were paying a few years ago.<br /><br />Your chart just points out what unemployment has done to the tax take.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-40394840844000206342009-11-28T10:21:28.780-08:002009-11-28T10:21:28.780-08:00per capita unemployment is pretty bad, so methinks...per capita unemployment is pretty bad, so methinks you cannot declare this chart undistorted by reality.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-86573345503291748072009-11-26T21:04:23.399-08:002009-11-26T21:04:23.399-08:00Another reason is that we, as a country, subsidize...Another reason is that we, as a country, subsidize business profits through tax dollars. Every time the government provides a tax break or incentive to business, it goes to that business' bottom line and straight to the public debt on the other side.<br /><br />Often times the rationale is that business creates jobs and thereby should contribute less eventhough they benefit from the same public services as all other taxpayers do.<br /><br />It's a question of investment. Government needs to get back to investing in the public good (roads, police, fire, schools) and ask business to contribute it's share as they benefit from these public activities and stop wasting the money on short term economic gain for the few who don't need it.<br /><br />When do we start actually practicing free market economics and ask businesses to grow based solely on their ability to innovate and compete rather than giving them public handouts all the time?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-29267524039113504632009-11-25T15:55:38.298-08:002009-11-25T15:55:38.298-08:00the right hand side IS current taxes as a percent ...the right hand side IS current taxes as a percent of current personal income (line 21 / line 1):<br /><br />http://tinyurl.com/yhcxjfsJakehttps://www.blogger.com/profile/07946497592651234440noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-47433162500088416682009-11-25T13:39:32.592-08:002009-11-25T13:39:32.592-08:00however the percentage of income earners that pay ...however the percentage of income earners that pay no federal tax has risen i believe significantly, per capita may not tell the right story--break it down by income strata--total taxes taken in a percentage of revenues has not come down...not sure these numbers and the graph have the relevance you are seeking?tim straushttp://www.eastonspointcapital.comnoreply@blogger.com