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ISSUE

Understanding Tax Rates

Published:2012-May-09
Last Updated:2012-May-09
Principal Writer:Barry Shatzman

Issue Sections

Understanding The Issue
Analysis and Perspectives
What You Can Do
More Information
The Rumor Mill

Reported News

Economic Policy

Related Bills

American Taxpayer Relief Act

2012 (HR-8)

Tax Relief, Unemployment Insurance

2010 (HR-4853)

Jobs and Growth Tax Relief

2003 (HR-2)

Economic Growth and Tax Relief

2001 (HR-1836)

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Another view on the effect of taxes on creating jobs

This chart uses the same data as the one we presented in the Background section. But, rather than presenting the data by year, it shows the average unemployment growth in a year based on the marginal tax rate in effect for that year.

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It shows that in years in which the marginal tax rates were the highest, the most job growth took place. Click on the chart to read the full story by the Center for American Progress.

Pictures of Wealth

These charts from MotherJones.com show in various ways how money has moved from virtually all Americans into the hands of the top 1 percent.

Where do we get our data?

In the chart comparing yearly marginal tax rates to unemployment rates, the tax rate data came from the U.S. Internal Revenue Service. The unemployment rate data came from the U.S. Bureau of Labor Statistics

You can download a copy of the September 2012 Congressional Research Service report by clicking here


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