Saturday, February 11, 2012

Quick Review & Quiz


Current receipts of the Federal government (blue) and, for comparison, the portion of that which comes from corporate income taxes (red):


Revenue from the corporate income tax as a percent of Federal government receipts:



Next up, the two components of corporate profits: the portion that goes to pay corporate income tax (red) and the portion that remains after taxes (blue):


And the same two components as a ratio: Federal government tax receipts on corporate income as a percent of corporate profits after tax:



Q: At what point did rising corporate taxes begin to interfere with economic growth?

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3 comments:

  1. nanuteFebruary 11, 2012 at 5:32 AM

    How do you know that rising corporate taxes were the cause of "interference" with economic growth? Your last graph clearly shows a significant rise in tax receipts from corporations around 07-08, and a corresponding downturn(recession)in the economy. Are you arguing that "excessive" tax receipts were the cause of the recession? I hope not.

    ReplyDelete
  2. JazzbumpaFebruary 11, 2012 at 3:14 PM

    I believe our friend Arthur has a bigger picture in mind, and his tongue tucked rather high in his cheek.

    Cheers!
    JzB

    ReplyDelete
  3. JazzbumpaFebruary 11, 2012 at 8:53 PM

    Art -

    This is rather a nice companion to what I posted here.

    http://jazzbumpa.blogspot.com/2012/02/where-has-all-money-gone-pt-iv.html

    Cheers!
    JzB

    ReplyDelete

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