U.S. manufacturing activity slumped to a 14-month low in December ... read more
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The jobs report from the Bureau of Labor Statistics released last week found that while nonfarm payrolls increased by 119,000, there were 6,000 fewer manufacturing jobs, adding to the tally of 59,000 lost factory jobs since Trump's April vows to ignite domestic manufacturing. read more
That speaks to a pretty dang progressive income tax code.
#88 | Posted by BellRinger
No it doesn't.
It speaks to a progressive income tax.
Payroll taxes: Regressive.
Sales taxes: Regressive.
Excise tax: Regressive.
The individual and corporate income taxes and the estate tax are progressive. By contrast, excise taxes are regressive and payroll taxes for Social Security and Medicare are regressive at the top of the income distribution (see figure 2). taxpolicycenter.org
"Where's the tipping point where the 1% aren't triggered into tax flight?"
That happened around 1995.
www.investopedia.com
What Is Celtic Tiger?
Celtic Tiger symbolizes Ireland's phenomenal economic growth during 1995-2007. In this period, a combination of low taxes, foreign investment, and strategic EU ties propelled the nation from being one of Europe's poorest to an economic success story.
Key Takeaways
The Celtic Tiger refers to Ireland's dramatic economic growth from 1995 to 2007, characterized by a high average annual GDP growth rate of 9.4% between 1995 and 2000.
Key factors contributing to the rapid growth included low corporate taxes, economic openness, a skilled English-speaking workforce, and substantial foreign investment, especially from the US.