Tim Hudak has proposed a reduction in corporate taxes from 11.5%
to 8%. Here's the impact of trickle down economics on the economy at large.
This graphic shows that since 1950 the share of federal revenues
from individual income taxes has remained relatively stable. But during that
same period, corporations’ share of the burden has plummeted, while the
contributions from workers’ payroll taxes have dramatically increased.
That’s an important
point because payroll taxes are regressive — after the first $117,000, the more
money a person makes, the smaller the share of income gets deducted from his or
her paycheck.
Some plan!
No comments:
Post a Comment