More Pretty Charts?

2013 January 23
by SJ Leeds

First, thanks for all of your emails.  I received a ton of emails about the video in last week’s blog.  I read all of the emails.  I don’t have the chance to respond to most (unfortunately).


Today, I want to show you three more interesting charts from the “Citizen’s Guide to the 2012 Financial Report of the United States Government”.


1. The Ugly Demographics

This chart shows the retirement of the baby boomers.  Social Security is really set up as a “pay-as-you-go” system.  Current workers pay for current retirees.  This works well when a lot of people are working and not many people are retired.  When the situation is reversed (not many people working and a lot of people retired), it doesn’t work out as well.


In this chart, you see the increase in the number of Social Security beneficiaries per 100 workers (who will be working and contributing to pay for those retirees).  Before you send me your ugly emails, remember…you really haven’t been paying for “your” Social Security.  We’ve been paying for the Social Security of people who are already retired.  Our kids will (hopefully?) be paying for “our” Social Security.  See chart below.


12. demographics -- LATER 12. demographics -- LATER copy


2. Our Tax Revenue

This is just a reminder that the vast majority of our tax revenue comes from income taxes plus payroll taxes.  We spend so much time arguing about (and avoiding) corporate taxation.  Yet, as a source of revenue, it’s relatively small.  See chart below.


2. tax revenue LATER copy


3.  Is Corporate Taxation Progressive?

I thought that this was a really interesting chart.  The largest companies (ranked by assets) pay less in taxes as a percentage of their income (when compared to smaller companies).  See chart below.


16. corporate taxes effectively paid -- LATER copy



Have a great weekend.

If you enjoy this blog, please forward it to others who may be interested.

If you want to receive these emails, here’s how:


1. click on this link (or type into your browser)
2. toward the top right corner is a place to click on for email service — click and enter your email address
3. you will receive an email which will require you to click on a link to confirm that you want to be on the list

IMPORTANT: if you don’t receive the email in step 3 or you don’t click on the link, you won’t be on the list.  Sometimes, people who use corporate emails get blocked (it’s probably 50% of the time).  So if you don’t get the email, you know you need to use a personal email.





Comments are closed.