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Here's the chart I'm pretty sure you're thinking of: http://s.wsj.net/public/resources/images/ED-AH556B_ranso_20080519194014.gif http://s.wsj.net/public/resourc
by divia 18y ago
Here's the chart I'm pretty sure you're thinking of: http://s.wsj.net/public/resources/images/ED-AH556B_ranso_20080519194014.gif http://s.wsj.net/public/resources/images/ED-AH556B_ranso_200...
from the 2008 Wall Street Journal article titled "You Can't Soak the Rich": http://online.wsj.com/article/SB121124460502305693.html http://online.wsj.com/article/SB121124460502305693.html
The phenomenon is called Hauser's Law: http://en.wikipedia.org/wiki/Hauser's_Law http://en.wikipedia.org/wiki/Hauser's_Law
and intelligent criticism of the chart can be found here: http://www.portfolio.com/views/blogs/odd-numbers/2008/05/20/lying-with-charts-wsj-edition?rss=true http://www.portfolio.com/views/blogs/odd-numbers/2008/05/20/...
- dkokelley 18y agoYou sir, are a gentleman and a scholar. Thanks for bringing those articles up. I checked the last link you mentioned, and I wasn't really satisfied with the criticism. Maybe I just didn't understand the article, but it seemed to me that all the author said was "A lot of other tax rates balanced out the highest marginal tax rate shown in the curve." I would have liked to see an alternate conclusion instead of a simple refutation. But again, thank you very much for the links.