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How does that square with the fact that some of the fastest growing years in the past 100 years were years when the top corporate tax rate was 50% and the perso
by gaadd33 13y ago
How does that square with the fact that some of the fastest growing years in the past 100 years were years when the top corporate tax rate was 50% and the personal tax rate exceeded 70%?
- Malician 13y agoDo you know what the effective tax rates were during those years? There was no "alternative minimum tax" to limit the abuse of deductions, which I believe hearing were rampant. (This isn't to say you are wrong, at all; just that the actual tax businesses are really required to pay must be considered, not the claimed values on the sticker sheet.)
- andrewcooke 13y agohi - have you seen http://www.economist.com/news/briefing/21588057-scientists-think-science-self-correcting-alarming-degree-it-not-trouble http://www.economist.com/news/briefing/21588057-scientists-t... and https://news.ycombinator.com/item?id=6566915 https://news.ycombinator.com/item?id=6566915 - this is exactly what you were worried about at https://news.ycombinator.com/item?id=6487356 https://news.ycombinator.com/item?id=6487356 (i would have emailed you, but i can't find an email, so am replying here - given that economist article i may have underestimated the importance of the effect).