tag:blogger.com,1999:blog-1709132985722085851.post3439963234818768288..comments2024-03-12T09:52:35.576-07:00Comments on Bill Sundstrom's Blog: Midlife crisis economics?Bill Sundstromhttp://www.blogger.com/profile/09816227203561266732noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1709132985722085851.post-22317536800225187652015-05-08T12:20:01.862-07:002015-05-08T12:20:01.862-07:00As far I know this charge presents a false argumen...As far I know this charge presents a false argument.<br /><br />Does the data collected represent "reported income before taxes"? because there were many more deductions before Tax reform in the 1980's.<br /><br />I cant imagine this data could represent unreported income. Is it from tax returns?<br /><br />As far as i know, and I am no tax professional, It was much easier to hide money and there were many more deductions available to individuals that had the income to hire good tax lawyers and accountants. <br /><br />I also understand that many individuals NEVER paid the government the reported 90% income tax because they took advantage of so many deductions and loopholes.<br /><br />Have you consulted a tax professional on these numbers? someone that has been in the business before the 1980's tax reform?<br /><br />I apologize for the anonymous post.Anonymousnoreply@blogger.com