Krugman’s blog, 12/31/15

There was one post yesterday, “Soaking The Rich, Slightly:”

Good catch by Josh Barro. It’s been clear for a while that taxes on top incomes went up significantly in 2013; but we’ve had to rely on estimates of the change, not actual numbers. Now the actual numbers on income taxes are in, and sure enough, fairly big hikes at the top.

In case you’re wondering why the number above isn’t the same as in the previous post, the reason is that all we have from the IRS is the effect of income taxes. CBO also tries to estimate the burden of other taxes, including the indirect effect of taxes on corporate profits.

Still, it’s now a fact as opposed to a mere projection that Obama significantly raised taxes at the top — and the hit was especially big at the very top of the scale.

And my point that the economy’s pretty good job growth despite this tax hike — raising taxes on job creators! — refutes right-wing doctrine continues to stand.

And this is a milestone of sorts, post #4000 here.

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