After the More button is information from ReMapping Debate on how you can download (unfortunately Windows-only) a tool that let's you analyze and compare tax rates and taxes paid for any type of filer between 1945 and 2010. For example, you can see if a married filing jointly household with $75,000 in income would have … Continue reading Historical Income Tax Rates Analysis Tool
From Barry Ritholtz at Big Picture. Note the red portion is Steve's projection and not based on actual data. I think it's a reasonable projection. House prices nationwide are still too high compared to historical norms. Of course, things may be different in your neighborhood. I asked Steve to update Shiller’s NYT chart, now that … Continue reading House Prices Still Pretty High Historically
Standard and Poor's, one of the big bond rating agencies, has announced today that they are giving a "downgrade warning" on U.S. government bonds. Not a downgrade in credit rating, but just a "warning" that things could be downgraded. Ho hum. Such theatre. As if we should believe S&P. First, a sovereign currency-issuing government with … Continue reading On S&P and Government Creditworthiness
Ok, one tip on how to lower your taxes paid and then I'll let you go for today, this being tax day and all. Now for last year's taxes, the ones you're filing today, well, on that you're just screwed. But for next year, remember to hire the accountancy shanty:
Ok, just a quickie about taxes with two more startling graphs. Another proposal that's making the rounds in Washington is to cut the corporate income tax rate. This proposal is originally coming from the Republicans, but it looks like Obama has drunk the kool-aid too. The argument goes that corporations in the U.S. are taxed … Continue reading I Don’t Think Corporate Taxes Are Too Low
Another tax related post. It appears that taxes, in particular, taxes on the top income bracket will be a major topic of debate propaganda for the next year and a half until the next presidential election. Part of the reason is because the tax deal done last December (2010) between Republicans and Obama last December (2010) perpetuated the Bush-era … Continue reading Can We Afford to Raise Taxes On High Incomes? Can We Afford Not To?
In the last couple of days I've posted a couple times on taxes. In one post, I observed how hedge fund managers have radically lower tax rates than the most of us because of a loophole introduced in the Bush-era tax cuts. Yesterday, I showed graphically how average income tax rates are actually lower than … Continue reading More on Tax Fairness – We Pretty Much Have Flat Taxes Now