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The bits of Internet goodness that get stuck in my teeth.

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A great example of “lies, damned lies, and statistics”. jeffmiller: azspot: bartcop.com Graphs like this are useless … actually, they are worse than useless—they are intentionally deceptive.  The “top tier” varies widely over the years.  At points in our history, the top tier has covered only the Buffets and Gates of the era; now, it covers your doctor and lawyer and boss.  Any useful graph of this nature would define its terms and adjust for inflation.  So much of the blogosphere is filled with stuff like this—stuff that looks like information, but isn’t. UPDATE:  jakke beat me to this, and said it better:  ”In 2010 dollars, in 1960 the top marginal tax rate was on income levels well over $3 million, whereas now the top marginal tax rate kicks in around $370,000.”

A great example of “lies, damned lies, and statistics”.

jeffmiller:

azspot:

bartcop.com

Graphs like this are useless … actually, they are worse than useless—they are intentionally deceptive.  The “top tier” varies widely over the years.  At points in our history, the top tier has covered only the Buffets and Gates of the era; now, it covers your doctor and lawyer and boss.  Any useful graph of this nature would define its terms and adjust for inflation.  So much of the blogosphere is filled with stuff like this—stuff that looks like information, but isn’t.

UPDATE:  jakke beat me to this, and said it better:  ”In 2010 dollars, in 1960 the top marginal tax rate was on income levels well over $3 million, whereas now the top marginal tax rate kicks in around $370,000.”


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    Yeah, seriously. Why the fuck isn’t this shit on billboards.
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  21. noisymime reblogged this from jeffmiller and added:
    A great example of “lies, damned lies, and statistics”.
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  23. ohtexas reblogged this from iuwaehfoaiuwhefoiaulfjqn and added:
    I just might make a sandwich board today when I slip into class. I might also just print out a whole bunch of these with...
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  25. pegobry reblogged this from sexartandpolitics and added:
    There’s another nitpick: how did the US grow in the 50s with high income tax brackets. Maybe it had something to do with...
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