What caught my attention with this Federal revenue dataset was the reversal of the social insurance taxes and the corporate taxes in their relative importance to the Federal government. So what are the tax rates? I revisited my tax poster from a few years ago to make a companion graph about the highest tax rates but that is not the whole story. What is missing is who (and how many) actually paid these top rates. BTW, the individual and corporate rates are the top marginal rate, while the Social Insurance and Retirement tax is capped beyond which you don’t pay any additional taxes (it was $118,500 in 2015).
Federal Revenue And Top Tax Rates
In his 2021 year-end letter, Baupost's Seth Klarman looked at the year in review and how COVID-19 swept through every part of our lives. He blamed much of the ills of the pandemic on those who choose not to get vaccinated while also expressing a dislike for the social division COVID-19 has caused. Q4 2021 Read More
By Visualizing Economics