Friday, May 28, 2010

Put that in your T.E.A. and drink it.

Keith Chrostowski of the Kansas City Star examines research by the University of Maryland's Thomas F. Schaller, who...
...notes that in America, state and federal taxes as a share of the gross domestic product amount to 28 percent. He points out that's among the smallest in the 31 first-world nations in the Organization for Economic Cooperation and Development. Mexico, Turkey, Japan and South Korea pay smaller shares.

That's still a lot of American tax money to redistribute, right? And by a statistical measure called the "Gini coefficient," which gauges the distribution of income in society, America does redistribute some of its wealth. According to Gini, the more evenly income is distributed, the closer the coefficient is to zero.

America's number, before government taxes and transfers, is 0.46. This is just at the Organization for Economic Cooperation average of 0.45. After taxes and transfers, it drops to 0.38, indicating the redistribution of wealth. But that 0.38 is the highest of any first-world country, indicating the U.S. is the least redistributive.

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Tuesday, December 16, 2008

Fun facts.

RJ Eskow does the math, via Steve M....
Mitch McConnell's Kentucky took in $1.45 from the Feds for every dollar it paid in taxes. That's a 45 cent free ride. Bob Corker's Tennessee received at 30-cent Federal giveaway. And Richard Shelby's Alabama extracted a whopping 71-cent subsidy from Northern taxpayers.

What about Michigan? They lost 31 cents for every dollar they paid....
Makes you wonder how many Michigan dollars culled from UAW paychecks ended up in the bribes incentive packages used to lure those Japanes factories to Dixie...

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