The Washington Post’s Wonkblog yesterday got to write a dramatic lede: “This is what oligarchy looks like.” The data described in the blog post are, in fact, fairly dramatic, but Wonkblog does not do a good job...
- Chart: Periods of High Capital Gains Tax Rates Produce Le...
Chart: Periods of High Capital Gains Tax Rates Produce Less Revenue
Americans often look at businesses impersonally. We think of them as lifeless entities that earn profits and don’t do much else. When we think of businesses this way, it becomes very easy to think that business taxes are somehow different than...
Executive Summary In his bestseller Capital in the Twenty-First Century, Thomas Piketty recommends a wealth tax as a remedy to inequality. The basic version of Piketty’s wealth tax would impose a tax rate of 1 percent on net worth of $1.3...
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