In fact, "Obama's Tax Evasion" had a number of flaws in it. For example, in support of the claim that when the "tax rate has risen over the past half century, capital gains realizations have fallen", the article states that the "most recent such episode was in the early 1990s". However, the included chart clearly shows that realizations ROSE in every year from 1991 to 2000 except for a small drop (as a percentage of GDP) in 1994. More importantly, I think that the editorial's analysis is far too simplistic. I have posted a discussion of this point in the April 28th post at http://usbudget.blogspot.com/.
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In fact, "Obama's Tax Evasion" had a number of flaws in it. For example, in support of the claim that when the "tax rate has risen over the past half century, capital gains realizations have fallen", the article states that the "most recent such episode was in the early 1990s". However, the included chart clearly shows that realizations ROSE in every year from 1991 to 2000 except for a small drop (as a percentage of GDP) in 1994. More importantly, I think that the editorial's analysis is far too simplistic. I have posted a discussion of this point in the April 28th post at http://usbudget.blogspot.com/.
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