Tax revenues as a % of GDP going down =/= rate of taxation going down
Interesting thesis. By all means, please continue.
Damn a graph show the rate of taxation going down and lower today than in the 1980s. So sad to see such an interesting idea go down in flames so quickly.
Well actually that's just the top rate, but you may note that it's considerably lower (28% vs. 35%), at the end of Reagan's term. You probably should work on your perception skills and cut down on the snark when it just makes you look incredibly fuccing dumb.
It doesn't look like that graph includes Reagan's massive hike with regards to Social Security premiums. Add that end and the tax rate slightly increases from 1979 to 1989.
Well payroll tax is partially capped so the rate would still probably be lower for people in the top bracket (and lower than under Carter for people in the lower brackets too) but that wasn't really my point with posting that chart, the point I was making that the average rate of taxation and tax collection as a % of GDP have no significant correlation. It's
possible that the average rate of taxation is lower now than under Reagan but quoting tax collection as % of GDP numbers would not prove that.
