Rdan and Dale Coberly at Angry Bear give us a short summary of the true effective tax rate for different groups of taxpayers. The effective tax rate is basically: TotalTax$Paid / Income = Eff.Tax Rate%. Note this is different from the marginal tax rate which is the percent of the next (additional) dollar of income … Continue reading Just How Bad is the Income Tax Burden?
The talk about "uncertainty about government regulation or healthcare" as being the major reason why businesses are holding back and not hiring is just plain nonsense. It's not supported by either any intelligent micro-level analysis of firm level decision making. It certainly isn't what the businesses themselves report when asked. We turn to the NY … Continue reading It’s the Lack of Demand, Stupid