Sunday, September 16, 2012

LOWER TOP TAX RATES & GDP

(h/t Kevin Drum)

The conservative loonies have telling telling us for almospt 40 years that reducing the top marginal tax rate - the rate paid by the highest income earners - will greatly improve the economy.  Per capita GDP is a good proxy for how well the economy is doing and according to this study by the Congressional Research Service, THERE IS NO CONNECTION between the top rate & per capital GDP from 1945-2010:

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