http://lanekenworthy.net/2008/01/21/more-on-taxes-at-the-top/ Lane Kenworthy Tue, 07 Feb 2012 16:54:44 +0000 hourly 1 http://wordpress.com/ http://lanekenworthy.net/2008/01/21/more-on-taxes-at-the-top/#comment-76 Fri, 25 Jan 2008 19:32:18 +0000 http://lanekenworthy.net/2008/01/21/more-on-taxes-at-the-top/#comment-76 I believe that corporate tax rates also fell in this period, so there was a lot more money available to reward corporate top dogs /////this plus the decline of marginal inome tax rates on their salaries meant that corporations could give huge incentives in cash etc, rather than sheltered options and so on. not that they lacked for those either. So, even as tax revenue to the gov rose slightly from collecting on the earned income of these lucky ducks, overall revenue from corporate taxes fell like a rock. So, overall tax hit on corporations fell. But, let’s look at where we are now, was that a good thing?
Bloomberg has been trying to draw our attention to the fact that our lack of revenue, from wherever it is we decide to get it, has impoverished the country! We have underfunded infrastructure; health care; education; energy source development; the stupid country looks like Brazil now! Have fun eating cake while the starving give you TB on the subway is what the political parties should campaign on. Can’t tell a dem from a republican, and all of them have sold us down the river.

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