Sunday, June 8, 2014

Tim Hudak says he has a plan to cut corporate taxes to stimulate the economy and create jobs. Yah?...

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