Sunday, September 16, 2012

NY Times: Top Tax Rates and Economic Growth

Here is a great piece by NYT's David Leonhardt on a CRS study that top taxes rates have little effect on economic growth. We don't usually reference stuff directly, but this is really powerful stuff.

Basically, the research say there is no link between top taxes rates and economic growth. So the rich could pay more without affecting the economy. Also, tax cuts for the top earners don't necessarily stimulate the economy.

NY Times

Here is a link from the NY times website.
Congressional Research Service Report

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