Comments on: Federal Income Tax Rates by Household Income http://www.visualizingeconomics.com/2008/03/23/federal-income-tax-rates-by-household-income/ Making the "Invisible Hand" Visible Mon, 15 Mar 2010 17:18:00 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Charlie Quimby http://www.visualizingeconomics.com/2008/03/23/federal-income-tax-rates-by-household-income/comment-page-1/#comment-17616 Charlie Quimby Mon, 14 Apr 2008 15:20:30 +0000 http://www.visualizingeconomics.com/2008/03/23/federal-income-tax-rates-by-household-income/#comment-17616 The CBO (the source of this data) attributes corporate income taxes to the "owners of capital in proportion to their income from interest, dividends, capital gains, and rents." Other calculations of tax incidence, such as done by the state of Minnesota, figure that consumers and employees pay a portion of the corporate income tax in the form of higher prices and/or lower wages, as the owners of capital will first try to reduce the impact of taxation in these ways before passing it on to shareholders. The CBO (the source of this data) attributes corporate income taxes to the “owners of capital in proportion to their income from interest, dividends, capital gains, and rents.” Other calculations of tax incidence, such as done by the state of Minnesota, figure that consumers and employees pay a portion of the corporate income tax in the form of higher prices and/or lower wages, as the owners of capital will first try to reduce the impact of taxation in these ways before passing it on to shareholders.

]]> By: Larry Duncan http://www.visualizingeconomics.com/2008/03/23/federal-income-tax-rates-by-household-income/comment-page-1/#comment-17459 Larry Duncan Thu, 10 Apr 2008 07:53:49 +0000 http://www.visualizingeconomics.com/2008/03/23/federal-income-tax-rates-by-household-income/#comment-17459 I do not understand the distrubution of the corporate income tax. Since these taxes are passed on to the consumers I would think that the lower quintiles who have too spend a larger portion of their income would have a higher percentage of it going to this tax. It would be interesting to expand this graph to include state and lacal taxes. I do not understand the distrubution of the corporate income tax. Since these taxes are passed on to the consumers I would think that the lower quintiles who have too spend a larger portion of their income would have a higher percentage of it going to this tax.

It would be interesting to expand this graph to include state and lacal taxes.

]]> By: Too clueless http://www.visualizingeconomics.com/2008/03/23/federal-income-tax-rates-by-household-income/comment-page-1/#comment-16451 Too clueless Mon, 24 Mar 2008 21:34:04 +0000 http://www.visualizingeconomics.com/2008/03/23/federal-income-tax-rates-by-household-income/#comment-16451 I'm sorry that I'm not taking the requisite minute to figure this out for myself, but are these effective rates across tax categories additive? I'm thinking the answer is no, given that they are averages of effective rates within a quintile, but I want to be sure. I’m sorry that I’m not taking the requisite minute to figure this out for myself, but are these effective rates across tax categories additive? I’m thinking the answer is no, given that they are averages of effective rates within a quintile, but I want to be sure.

]]> By: Thinker http://www.visualizingeconomics.com/2008/03/23/federal-income-tax-rates-by-household-income/comment-page-1/#comment-16438 Thinker Mon, 24 Mar 2008 15:05:05 +0000 http://www.visualizingeconomics.com/2008/03/23/federal-income-tax-rates-by-household-income/#comment-16438 Much better graph than before. Thank you. Much better graph than before. Thank you.

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