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-Keys to Prosperity-. Stephen Moore. The Greatest Story Never Told S&P 500: Nominal vs. Real Price Appreciation January 1960 – October 2010. 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010.
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-Keys to Prosperity- Stephen Moore
The Greatest Story Never Told S&P 500: Nominal vs. Real Price Appreciation January 1960 – October 2010 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 Source: Laffer Associates, Monthly Report based on Data from Standard and poor’s. Past performance is no guarantee of future results.
Share the Wealth? Top Marginal Income Tax Rates and Income Tax Share for the Top 1% of Earners 1970-2006 Top Marginal Income Tax Rate Top 1 Percent Income Tax Share Tax Rate Tax Share 1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 Past performance is no guarantee of future results. Source: Internal Revenue Service, Statistics on Income, “Number of Returns, Shares of AGI and Total Income Tax, AGI Floor on Percentiles in Current and Constant Dollars, and Average Tax Rates,” Table 1. Available at: http://www.irs.gov/taxstats/indtaxstats/article/0,,id=133521,00.html
“In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now.” - John F. Kennedy
Bottom 95 Percent Pays Less than Top 1 Percent Past performance is no guarantee of future results. Source: Internal Revenue Service, Statistics on Income, “Number of Returns, Shares of AGI and Total Income Tax, AGI Floor on Percentiles in Current and Constant Dollars, and Average Tax Rates,” Table 1. Available at: http://www.irs.gov/taxstats/indtaxstats/article/0,,id=133521,00.html
Rich Pay More Than Their Fair Share 2007 Income and Income Tax Shares Past performance is no guarantee of future results. Source: Internal Revenue Service, Statistics on Income, “Number of Returns, Shares of AGI and Total Income Tax, AGI Floor on Percentiles in Current and Constant Dollars, and Average Tax Rates,” Table 1. Available at: http://www.irs.gov/taxstats/indtaxstats/article/0,,id=133521,00.html
The Laffer Curve Tax Rate Tax Revenue
The Laffer Curve Real Federal Revenues and the Top Marginal Income Tax Rate 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 Source: Office of Management and Budget, Historical Table 1.1, Available at http://www.whitehouse.gov/omb/budget/Historicals Past performance is no guarantee of future results.
Inflation Rate, 1950-2010 Source: Bureau of Labor Statistics, Consumer Price Index, Available at: http://www.bls.gov/data/#prices Past performance is no guarantee of future results.
Show Me The Money? Year on Year Monetary Base Growth, bi-weekly, percent, Through August 2009 Source:Federal Reserve Bank of St. Louis, Monetary base Growth, Available at: http://research.stlouisfed.org/fred2/series/BASE Past performance is no guarantee of future results.
10 Year Treasury Note Yield October 1955 to February 2009 15.7 Peak 1962 1966 1970 1974 1978 1982 1986 1990 1994 1998 2002 2006 2010 Source:U.S. Treasury Department, Treasury Yield Curve Rates, Available at: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield Past performance is no guarantee of future results.
Education and Medical Prices Skyrocket While Import Prices Drop CPI, Percent Change, 2000 to 2009 Bureau of Labor Statistics, Consumer Price Index, Available at: http://www.bls.gov/data/#prices Past performance is no guarantee of future results.
Worker Well-Being Based on data from the Census Bureau and the Department of Labor. Past performance is no guarantee of future results.
Number of Years It Took for Major Technologies to Reach 50% of American Homes Past performance is no guarantee of future results.
Guns and Butter: Discretionary Spending Explodes 1992-2010 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 Past performance is no guarantee of future results. Source: Congressional Budget Office, Historical Budget Data, Available at: http://www.cbo.gov/
The Stimulus and Jobs Past performance is no guarantee of future results.
Hog Wild Spending Federal Outlays, 2001-2008 Past performance is no guarantee of future results. Source: Free Enterprise Fund
The World Really is Flat Flat Tax Nations and Their Rates Source: Center for Freedom and Prosperity
Free Countries are Wealthier and Healthier Past performance is no guarantee of future results.
High Corporate Taxes Make the U.S. Uncompetitive U.S. Corporate Tax Rate v. Average for Developed Countries Past performance is no guarantee of future results.
Real Federal Funds Rate January 1990 – September 2009 Past performance is no guarantee of future results.
Gold Shows Dollar Weakness and Inflation Risk January 1971 – November 2010 Carter 316% Clinton -19% Bush 236% Obama 45% Reagan -28% Bush 4% Nixon/Ford 276% 1971 1975 1980 1985 1990 1995 2000 2005 2010 Past performance is no guarantee of future results.
GOP Bull MarketDow Jones Industrial Average, November 1992-November 1996 Nov-92 May-93 Nov-93 May-94 Nov-94 May-95 Nov-95 May-96 Nov-96 Past performance is no guarantee of future results.
Dollar at Record Lows Dollar Index, August 2000 – November 2010 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Federal Reserve Bank, Nominal Major Currencies Dollar Index Past performance is no guarantee of future results.