Monday, February 22, 2021
Mainstreet Versus Wallstreet: Stocks Did Better Under Democrat Presidents (Workers Under Republicans)
Monday, January 25, 2021
Punishing Success by Raising Taxes: Biden’s Bite to Support Government Expansion
Table 1: Top tax rates for highest (rates are
for income tax rates only, and do not include other Biden increase such as
capital gains) |
|||
|
Current Top Income tax rate |
Biden addition |
New top tax rate |
1. California |
64.15% |
2.60% |
66.75% |
2. Hawaii |
61.85% |
2.60% |
64.45% |
3. New Jersey |
61.60% |
2.60% |
64.20% |
4. Oregon |
60.75% |
2.60% |
63.35% |
5. Minnesota |
60.70% |
2.60% |
63.30% |
6. D.C. |
59.80% |
2.60% |
62.40% |
7. New York |
59.67% |
2.60% |
62.27% |
8. Vermont |
59.60% |
2.60% |
62.20% |
9. Iowa |
59.38% |
2.60% |
61.98% |
10. Wisconsin |
58.50% |
2.60% |
61.10% |
Notes: Iowa’s income tax rate allows the
deductibility of federal income taxes and is thus somewhat lower than that
listed. |
Table 2: Ten states with the greatest income
inequality |
||
State |
Total Current top tax rate |
2018 Gini coefficient |
1. District of Columbia |
59.80% |
0.524 |
2. New York |
59.67% |
0.513 |
3. Connecticut |
57.84% |
0.501 |
4. Louisiana |
56.85% |
0.494 |
5. California |
64.15% |
0.491 |
6. New Mexico |
55.75% |
0.489 |
7. Florida |
50.85% |
0.489 |
8. Massachusetts |
55.85% |
0.488 |
9. Alabama |
55.85% |
0.486 |
10. Arkansas |
57.45% |
0.485 |
Thursday, December 17, 2020
Will Biden Forgive Student Loans? Why Not Automobile Loans?
A kettle of progressive Democrats is demanding that President-Elect Biden issue an executive order extinguishing student debt in the first week of his reign. Past and present students currently owe $1,700 billion (yes that is $1.7 trillion). Since 2006, student debt has expanded by 253.4%, while income to pay the debt has advanced by one-third that pace, or 79.8%. But there are clear problems and benefits of such action.
Tuesday, November 10, 2020
Thursday, October 15, 2020
Read Biden’s Lips: “More New Taxes” What Is a Fair Share of Taxes?
Thursday, September 17, 2020
High Tax States Lose Representation in Congress: 2017 Tax Law and Pandemic Reinforce Population Trends
Friday, July 17, 2020
COVID-19 Death Rates Fall as Infections Rise: State Shutdowns Hurt Economies, but Not COVID-19
- the opening up of state economies, which has encouraged young individuals, who are less likely to suffer negative health consequences from COVID-19, to continue with normal living, and
- an increase in testing rates that now uncover individuals with the infection, but little or no negative health outcomes.
- lower deaths are due to older individuals with other health issues to take greater precautions in daily living (e.g. social distancing),
- improved treatment of COVID-19 illnesses.