From 2006 to present, corporate profits and unemployment have almost the exact same slope. Money is obviously going to the shareholders. How am I supposed to believe that an increase in taxes is "jobs killing" and will be oppressive to the vaunted job creators of society, when they are filling their pockets now without hiring?
What's the point of raising taxes without getting entitlement reform? There's not enough potential revenue to keep us solvent, bad economy or good. It's time to get serious spending reforms in place. To get those, sure I'd say compromise on taxes. But not a moment sooner.
A lot of taxes only come in place when you hire someone. For example, making employers pay for health care. I'm not saying that the employees don't "deserve" health care or even really touching on that - but if I was an evil rich businessman, when you put a new tax like that... I would just lay people off. If I was rich and evil. You can't outlaw greed, and when you kinda sorta try to - you get unintended consequences.
Now if I was a more middle class guy trying to open up a pizza place, I would need employees. But with these types of taxes I couldn't afford to hire as many. So I wouldn't. That lowers employment. But even past that, with fewer employees, my business may fail, and that KILLS the economy. (not only must I hire less people, but now I can hire no one.)
With any tax, you are not really taxing the buyer or the seller. You are taxing the transaction itself. In this case, you are taxing employment, NOT the employer, but both employer and employee. It is often framed in a way that is supposed to protect the poor and middle class from the rich, but from my view the true effect and purpose of these taxes is to prevent the poor and middle class from rising.
This is interesting, and I am not saying it is at all wrong or dishonest, but really you'd need something like the trajectory of profits as a percentage of revenue (maybe per worker, by some kind of average) or something similar. This really isn't apples-to-apples. You're comparing an unemployment percentage with a raw number for profits.