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Response to Progressive dog (Reply #1)

Mon Mar 4, 2013, 07:49 AM

2. Also note that this data starts in 1979...

,,,which is when this particular data set started being collected.

That limitation means that almost all the data is from the era of Reaganomics and its successors, while leaving out the different tax- and economic structure of the postwar prosperity in the 50s & 60s, and only gets the very end of the 70s.

When you only cover a time period dominated by tax cuts and anti-tax ideology, how significant is a "30 year high"? And that's without the double-standard in figuring income.

edited to add: Let's also not forget that this same period had also seen expansion in low-end tax credits "so that low-income families can keep more of what they earn". This was deemed preferable to other types of low-income assistance, and helped reduce pressure for higher wages. Of course, with higher wages, the lower end would then be paying more in taxes.

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Bill USA Mar 2013 OP
Progressive dog Mar 2013 #1
LineLineNew Reply Also note that this data starts in 1979...
JHB Mar 2013 #2
Bill USA Mar 2013 #3
jsr Mar 2013 #4
Myrina Mar 2013 #5
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