http://michaelmedved.townhall.com/blog/g/c6692253-551a-45e4-ba9f-37e740fe9411
Specifically he references the tax foundations statistics on tax for the states:
http://www.taxfoundation.org/taxdata/show/460.html (Massachusetts)
http://www.taxfoundation.org/taxdata/show/442.html (Arkansas)
We need to prevent Huckabee's Long tenure from being used against him. Let's adjust the discussion to put things in a yearly context.
Massachusetts's tax burden went from 9.8% in the year before Romney took office to 10.5% in his final year. Net increase 0.7% of the economy.
Arkansas tax burden went from 10.1% to 11.1% for Huckabee. Net increase 1.0%.
Now let's adjust for length of term:
RateOfIncrease/Year = (base + total increase)^(1/termInYears) - 1
Romney : (1 + .007)^((1/4) -1 = .001745 = .1745%
Huckabee : (1+ .01)^(1/10) - 1 = .000996 = .0996%
As you can see, Romney's per year increase in tax burden is significantly more than Huckabee's. Think of it this way:
that is .1745/.0996 = 175%.
I could say "Under Mitt Romney's tenure as governor the tax burden in Massachusetts increased 75% faster, than it did under Huckabee in Arkansas."
or another way to say it is to use the table below:
Romney | ||
Year | Tax as % of Economy | % increase |
2002 | 9.80% | N/A |
2003 | 10.00% | 2.04% |
2004 | 10.20% | 2.00% |
2005 | 10.50% | 2.94% |
2006 | 10.50% | 0.00% |
Average Increase/Year | 1.75% | |
Huckabee | ||
Year | Tax as % of Economy | % increase |
1996 | 10.10% | N/A |
1997 | 10.10% | 0.00% |
1998 | 10.20% | 0.99% |
1999 | 10.20% | 0.00% |
2000 | 10.50% | 2.94% |
2001 | 10.50% | 0.00% |
2002 | 10.30% | -1.90% |
2003 | 10.00% | -2.91% |
2004 | 10.50% | 5.00% |
2005 | 11.20% | 6.67% |
2006 | 11.10% | -0.89% |
Average Increase/Year | 0.99% |
These numbers generated from the Tax Foundation tables show that Romney increased the tax burden of his state by an average of 1.75% each year (that is 1.75% more than the last years tax burden, not 1.75% of the economy).
This is significantly more than Huckabee. Huckabee increased the tax burden by only .99% each year.
This means Romney increased his state's tax burden 75% faster than Huckabee increased his state's tax burden.
2 comments:
Brilliant. Way to go!
Thanks.
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