Survive Future Shock

Newest charts released from the Federal Reserve:



Federal Tax Receipts On Corporate Income

Notice the timeline in the chart above reaching back to 1930. The current corporate tax receipt base has collapsed 90% from the boom peak and has receded to a level completely without precedent since before the Great Depression.



State and local taxes on corporate income display a similar sharp decline, registering approximately 30% reduction from boom peak. In both cases the rate of decline remains on a very steep track.

The effect of a change in taxation level on total tax revenue depends on the good being investigated, and in particular on its price elasticity of demand. Where goods have a low elasticity of demand, an increase in tax or duty will lead to a small decrease in demand - not enough to offset the higher tax raised from each unit. Overall tax revenue will therefore rise. Conversely, for goods which are price elastic, an increase in tax rate or duty would lead to a fall in tax revenue.




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Tax problems

I see this Tax graph. In 1930 Tax payer rate by public is higher when the year goes to forward 1930 The Tax Payer rate decreases.

This graph indicates current Tax revenue. Which was lower and higher at certain points. But We know that Government has increased the Tax rate which are more than soon. Due to high tax, Many people quit to pay tax.

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