Working Class American Families Face Marginal #Tax Rates up to 43.7%
28 Jan 2016 Leave a comment
in Public Choice, public economics Tags: laffer curve, rational irrationality, taxation and labour supply
Everybody agrees there is a Laffer Curve when it suits them.
The Left talks about poverty traps arising from means testing of social insurance and welfare benefits but denies flatly that high marginal tax rates will affect the labour supply of the rich and willing to do.
You cannot have it both ways.
Some #tax cuts produce more growth than others
12 Jan 2016 Leave a comment
in applied price theory, labour economics, politics - USA, public economics Tags: laffer curve
The benefits and costs of the @NZSuperFund since its inception
17 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, economic growth, economic history, entrepreneurship, financial economics, fiscal policy, industrial organisation, labour economics, labour supply, macroeconomics, politics - New Zealand, public economics Tags: ageing society, company tax rate, deadweight cost of taxes, demographic crisis, efficient markets hypothesis, laffer curve, New Zealand superannuation fund, old age pensions, retirement savings, social insurance, sovereign wealth funds, taxation and entrepreneurship, taxation and investment, taxation and labour supply
Most mutual funds still can't beat their benchmark read.bi/1GkTig1 http://t.co/r7ezoDGJbV—
BI Chart of the Day (@chartoftheday) June 03, 2015
The New Zealand Superannuation Fund, the sovereign wealth fund part funding New Zealand’s old-age pension from 2029/2030 onwards, has been a bit of a wild ride. Sometimes the earnings of the Fund were well below and sometimes earning well above the long-term bond rate.
![image_thumb[3]](https://utopiayouarestandinginit.com/wp-content/uploads/2015/08/image_thumb310.png "image_thumb[3]")
Source: New Zealand Superannuation Fund Annual Report 2014.
Since its inception, the Fund earned an average annual return of 9.78%, which was 5.06% above the long-term bond rate, and 1.03% above its reference portfolio.
No information was given in the annual report of the New Zealand Superannuation Fund on the marginal dead weight cost of the taxes raised to fund the New Zealand Superannuation Fund to see whether there is any net benefit to taxpayers from its establishment and continued operation.
The New Zealand Government has contributed $14.88 billion to the fund from prior its inception in 2001 to the suspension of contributions in 2009 by the incoming National Party Government.
Source: New Zealand Treasury.
Over the nine years in which contributions were made, the company tax rate of 28% could have easily been up to 10 percentage points lower.
The New Zealand Treasury estimates that a one percentage point cut in the company tax costs about $220 million in forgone revenue if there are no other changes to the tax system. These are static estimates that do not include any feedback from greater investment and higher growth.
The New Zealand Superannuation Fund must beat the market every single year to make up for the deadweight cost of its funding, a premium for the investment risk added to the Crown’s portfolio and the cost to New Zealand’s growth rate of higher than otherwise taxes on income, entrepreneurship and investment.
Source: Abolish the Corporate Income Tax – The New York Times.
Trigger warning for the Twitter Left
31 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, constitutional political economy, income redistribution, politics - Australia, politics - New Zealand, politics - USA, Public Choice, public economics, rentseeking Tags: antimarket bias, endogenous growth theory, expressive voting, laffer curve, Leftover Left, taxation and entrepreneurship, taxation and human capital, taxation and investment, taxation and the labour supply, top 1%, Twitter left
The Rahn curve explained
23 Jul 2015 Leave a comment
in comparative institutional analysis, constitutional political economy, income redistribution, politics - Australia, politics - New Zealand, politics - USA, Public Choice, public economics Tags: Director's Law, growth of government, laffer curve, optimal tax theory, Rahn curve, size of government
Who is where on the Laffer curve?
20 Jun 2015 Leave a comment
in economic growth, fiscal policy, human capital, labour economics, labour supply, macroeconomics, politics - USA, public economics Tags: endogenous growth theory, EU, Eurosclerosis, laffer curve, optimal tax theory, taxation and entrepreneurship, taxation and investment, taxation and the labour supply
@asymmetricinfo paper:"How Far Are We From The Slippery Slope? The Laffer Curve Revisited" bit.ly/1HMhmqu http://t.co/D9IffNhd92—
Old Whig (@aClassicLiberal) April 20, 2015
Hauser’s Law: No matter what post-war tax rates have been, tax revenues remained at about 19.5% of GDP in the USA
01 May 2015 Leave a comment
in politics - USA, Public Choice, public economics Tags: Director's Law, laffer curve
What are the revenue effects of capital gains tax cuts?
19 Apr 2015 Leave a comment
in politics - Australia, politics - New Zealand, politics - USA, public economics Tags: dynamic scoring, laffer curve, optimal taxation, taxation of capital income
Is Thomas Piketty a double secret supply-side economist?
03 Jun 2014 Leave a comment
in entrepreneurship, labour supply, public economics Tags: laffer curve, supply-side economics, Thomas Peketty
When a government taxes a certain level of income or inheritance at a rate of 70 or 80 percent, the primary goal is obviously not to raise additional revenue (because these very high brackets never yield much).
It is rather to put an end to such incomes and large estates, which lawmakers have for one reason or another come to regard as socially unacceptable and economically unproductive…
The Company Tax Laffer curve
03 Jun 2014 Leave a comment
in public economics, taxation Tags: company tax rate, laffer curve
The Australian, New Zealand and Irish company taxes raised similar amounts of revenue as a percentage of GDP. The Irish company tax rate was 12.5% in 2003.
from The U.S. Corporate Income Tax System: Once a World Leader, Now A Millstone Around the Neck of American Business by the Tax Foundation via The Solution is the problem blog
Utopia, you are standing in it! 
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