The Tax Cut That Never Was

Finally! Prof. Mishra has offered some evidence to support his argument. Granted, it’s not accurate evidence, but at least he’s trying. Here’s the example that Prof. Mishra thinks is evidence of tax cuts increasing tax revenue: Indeed, in 1986, when President Reagan lowered the top tax bracket from 50 percent to 28 percent, it led…

How to Discover the Truth with Statistics

Regular readers may remember my post, “How to Lie with Statistics,” where I criticized ASU economist Richard Rogerson for misleading the public with bad math. I showed the nonsense in his claim “that raising taxes will turn us into a bunch of lazy old Europeans.” Since I’m going to be writing about taxes a lot this…

What to Read on Taxes

Nine Things the Rich Don’t Want You to Know About Taxes — David Cay Johnston Poor Americans do pay taxes. The wealthiest Americans don’t carry the burden. In fact, the wealthy are paying less taxes. Many of the very richest pay no current income taxes at all. And (surprise!) since Reagan, only the wealthy have…