By Sam Brunson
A friend sent me a cartoon that’s been going around his Facebook feed. The cartoon’s message amounts, roughly, to: undocumented immigrants are far better-off than legal residents because taxes.
The various assertions the cartoon makes are an amazing collection of racist and wrong. In fact, there’s too much racist, and too much wrong, to address. But it’s worth pointing out that, although the cartoon uses numbers, its numbers are wildly, wildly wrong.
If you want to hate-read the whole thing, you can see it here, but for my purposes, we’re going to look at these two panels: Continue reading “On Marginal and Effective Tax Rates”