Understanding you can act on
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| Published: | 2012-May-09 |
| Last Updated: | 2012-May-09 |
| Principal Writer: | Barry Shatzman |
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American Taxpayer Relief Act
2012 (HR-8)
Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act2010 (HR-4853)
Jobs and Growth Tax Relief Reconciliation Act2003 (HR-2)
Economic Growth and Tax Relief Reconciliation Act2001 (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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