While the effective marginal income tax rate is more relevant than the top statutory income tax rate, neither rate fully reflects the overall burden of taxation on the economy. A comprehensive measure would include every kind of tax (income, sales, property, estate, etc.) collected at every level of government (federal, state, and local). Without a more complete measure, it is impossible to accurately determine how much or how little taxes affect the economy. (emphasis added)You would think that after pointing out that it is impossible to accurately determine how taxes affect the economy without comprehensive analysis that Republicans would stop their parties mantra that increasing tax rates will negatively impact the economy. You would also think that they would then advocate doing more research to determine the effects of higher taxes on the economy. But rather than waiting for that sort of analysis they put on their hypocrite pants and state:
Given the much greater share of income now subject to the top [tax] rate, any future [tax] rate increase will have a much greater effect on the economy.It doesn't get much worse than this when an article waits only 4 paragraphs to completely contradict itself. I wonder whether the authors merely forgot that they wrote it was impossible to accurately determine how much or little taxes effect the economy without more data or whether they are just so trapped in their own ideological world that they forgot reality also applies to them.