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Wednesday, January 23, 2013

Higher Marginal Taxes Reduce Economic and Political Power

Richard Green:

... Higher marginal taxes reduce the ability of high income people to accumulate power, which may mean they work/play less.  I don't know that this is entirely a bad thing.

(The post is: Do higher marginal tax rates lead superstar athletes to play less often? See also Barry Ritholtz who asks Who the Hell Are Phil Mickelson’s Financial Advisers?)

    Posted by on Wednesday, January 23, 2013 at 12:15 AM in Economics, Politics, Taxes | Permalink  Comments (26)

          


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