4 ms·

Should we really be drawing any kinds of conclusions based on such a small, statistically insignificant dataset?

throwaway0a5e 4y ago
Based on my observation it depends on whether the conclusions support your ideologically motivated goals. (I wish I was joking)
- tobr 4y ago
  So how big is the dataset of observations you drew this conclusion from?
dwater 4y ago
A small dataset is not statistically insignificant. It changes the calculations, but it is possible to make significant conclusions from small data. Whether this situation is significant or not depends on the underlying data you first asked about. Without it we cannot say.
- mypastself 4y ago
  Good correction. My intended point was that the article makes claims about broader societal trends without offering sufficient context.
- samstave 4y ago
  True, but that’s still a skewed measurement ; billionaires have the resources to do/go wherever they please. If joe “regulars” <$250k net worth are jumping ship, and needing to work their situation - not an army of lawyers/assistants - it’s much different than bill billionaire doing anything…
searchableguy 4y ago
You should. Majority of government income tax revenue comes from the 1%. If you count corporate taxation, same would hold true + a lot of influence. It's the case for US, India, and a bunch more big countries.
- mypastself 4y ago
  What conclusion can reasonably be made here? If it’s “The number of wealthy people moving abroad to avoid taxes is skyrocketing”, you’d have to show that: 1.) The change in requests is statistically significant when put in the context of the total number of such individuals 2.) Tax avoidance is the primary driver of this activity 3.) The individuals do not just acquire the passport, but actually move
- Supermancho 4y ago
  25% of the income tax revenue comes from the 1% [1] High-Income Taxpayers Paid the Majority of Federal Income Taxes[1] [1] https://taxfoundation.org/publications/latest-federal-income-tax-data/ https://taxfoundation.org/publications/latest-federal-income...
  - robocat 4y ago
    > 25% of the income tax revenue comes from the 1% From your link it is ~40% - you copied the wrong number! “The top 1 percent paid a greater share of individual [federal] income taxes (38.8 percent) than the bottom 90 percent combined (29.2 percent).”
- ronhav3 4y ago
  US citizens pay taxes to the IRS, wherever they reside.

Based on my observation it depends on whether the conclusions support your ideologically motivated goals. (I wish I was joking)

tobr 4y ago
So how big is the dataset of observations you drew this conclusion from?

dwater 4y ago

A small dataset is not statistically insignificant. It changes the calculations, but it is possible to make significant conclusions from small data. Whether this situation is significant or not depends on the underlying data you first asked about. Without it we cannot say.

mypastself 4y ago
Good correction. My intended point was that the article makes claims about broader societal trends without offering sufficient context.
samstave 4y ago
True, but that’s still a skewed measurement ; billionaires have the resources to do/go wherever they please. If joe “regulars” <$250k net worth are jumping ship, and needing to work their situation - not an army of lawyers/assistants - it’s much different than bill billionaire doing anything…

searchableguy 4y ago

You should. Majority of government income tax revenue comes from the 1%. If you count corporate taxation, same would hold true + a lot of influence. It's the case for US, India, and a bunch more big countries.

mypastself 4y ago
What conclusion can reasonably be made here? If it’s “The number of wealthy people moving abroad to avoid taxes is skyrocketing”, you’d have to show that: 1.) The change in requests is statistically significant when put in the context of the total number of such individuals 2.) Tax avoidance is the primary driver of this activity 3.) The individuals do not just acquire the passport, but actually move
Supermancho 4y ago
25% of the income tax revenue comes from the 1% [1] High-Income Taxpayers Paid the Majority of Federal Income Taxes[1] [1] https://taxfoundation.org/publications/latest-federal-income-tax-data/ https://taxfoundation.org/publications/latest-federal-income...
- robocat 4y ago
  > 25% of the income tax revenue comes from the 1% From your link it is ~40% - you copied the wrong number! “The top 1 percent paid a greater share of individual [federal] income taxes (38.8 percent) than the bottom 90 percent combined (29.2 percent).”
ronhav3 4y ago
US citizens pay taxes to the IRS, wherever they reside.