Who Would Pay a 73 Percent Income Tax? Not Necessarily the Rich
December 07, 2011 at 13:33 PM EST
A paper which is receiving considerable attention (see here, here and here) is Diamond and Saez’s Journal of Economic Perspectives piece on optimal marginal tax rates. They put the rate at 73 percent, and declare it an optimum because it would maximize revenue that could then be used for other things. In particular, they argue [...]