November 12, 2009

Marginal Tax Rates

If the words put your friends to sleep, Professor Mankiw brings a picture:

implicit%20tax%20rates%202.png

And every time you do something nice for the poor, you make this worse. Then-Governor Bush campaigned in 2000 on "toll-booths to the middle class." We all have a gripe or two with President Fortythree, but he got it. President Obama obviously does not and I question how many GOP pols do.

This little picture says all the economics and it implies the morality of making people work through "The Dead Zone" for no gains.

Economics and Markets Posted by John Kranz at November 12, 2009 12:51 PM

Only government can make it so goddamn pathetic that you earn a little more but wind up with less net income, that earning $40K a year is only marginally better than mooching completely off taxpayers.

Posted by: Perry Eidelbus at November 12, 2009 3:27 PM

Ooh. Mister Presnit! Mister Presnit! I've found some waste and fraud for you to cut!

Posted by: johngalt at November 12, 2009 5:37 PM | What do you think? [2]