Row 9885

Row ID: 9885 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 9885 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

A lot of empirical evidence suggests otherwise, too:

1. **Congressional Research Service (2012)**: This study examines the relationship between top marginal tax rates and economic growth in the U.S. since 1945, finding no significant correlation between lower top tax rates and higher economic growth. Instead, periods with relatively high top marginal rates experienced higher growth.

2. **Piketty, Saez, & Stantcheva (2014)**: The paper "Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities" published in the American Economic Journal: Economic Policy, analyzes data from developed countries between 1960-2010. It concludes that reductions in top tax rates do not significantly impact employment or GDP growth, while higher growth is often linked to increased top marginal tax rates. [Source](https://www.jstor.org/stable/43189372) and [Source](https://econpapers.repec.org/RePEc:aea:aejpol:v:6:y:2014:i:1:p:230-71).

3. **Steinbaum & Clemens (2016)**: Their review, "The Top Marginal Tax Rate: A Historical Perspective and Policy Implications," shows that economic growth in the U.S. has been faster during periods with higher top marginal income tax rates, countering the idea that higher taxes stifle economic activity.

4. **Center on Budget and Policy Priorities (2012)**: This examination contrasts economic growth in the 1990s after tax increases with the 2000s following tax cuts, demonstrating higher GDP growth after the 1993 tax hikes compared to the slower growth after the 2001 and 2003 tax cuts.

5. **Brookings Institution (2014)**: A report by Gale and Samwick looks at job and GDP data from 1945-2010, finding that both metrics grew faster when the top marginal tax rate was above 50 percent compared to periods when it was below 50 percent. [Source](https://www.brookings.edu/research/effects-of-income-tax-changes-on-economic-growth/).

6. **Zidar (2021)**: Published in the Journal of Economic Perspectives, this study finds that changes in top marginal tax rates in the U.S. have had little to no effect on average annual GDP growth rates, further challenging the notion that high tax rates are detrimental to economic growth.

Field	Value
text	A lot of empirical evidence suggests otherwise, too: 1. Congressional Research Service (2012): This study examines the relationship between top marginal tax rates and economic growth in the U.S. since 1945, finding no significant correlation between lower top tax rates and higher economic growth. Instead, periods with relatively high top marginal rates experienced higher growth. 2. Piketty, Saez, & Stantcheva (2014): The paper "Optimal Taxation of Top Labor Incomes: A Tale of Three El…
label	r/economics
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communityName	r/Economics
datetime	2024-05-20
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Raw Record

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"text": "A lot of empirical evidence suggests otherwise, too:\n\n1. **Congressional Research Service (2012)**: This study examines the relationship between top marginal tax rates and economic growth in the U.S. since 1945, finding no significant correlation between lower top tax rates and higher economic growth. Instead, periods with relatively high top marginal rates experienced higher growth. \n\n2. **Piketty, Saez, & Stantcheva (2014)**: The paper \"Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities\" published in the American Economic Journal: Economic Policy, analyzes data from developed countries between 1960-2010. It concludes that reductions in top tax rates do not significantly impact employment or GDP growth, while higher growth is often linked to increased top marginal tax rates. [Source](https://www.jstor.org/stable/43189372) and [Source](https://econpapers.repec.org/RePEc:aea:aejpol:v:6:y:2014:i:1:p:230-71).\n\n3. **Steinbaum & Clemens (2016)**: Their review, \"The Top Marginal Tax Rate: A Historical Perspective and Policy Implications,\" shows that economic growth in the U.S. has been faster during periods with higher top marginal income tax rates, countering the idea that higher taxes stifle economic activity. \n\n4. **Center on Budget and Policy Priorities (2012)**: This examination contrasts economic growth in the 1990s after tax increases with the 2000s following tax cuts, demonstrating higher GDP growth after the 1993 tax hikes compared to the slower growth after the 2001 and 2003 tax cuts. \n\n5. **Brookings Institution (2014)**: A report by Gale and Samwick looks at job and GDP data from 1945-2010, finding that both metrics grew faster when the top marginal tax rate was above 50 percent compared to periods when it was below 50 percent. [Source](https://www.brookings.edu/research/effects-of-income-tax-changes-on-economic-growth/).\n\n6. **Zidar (2021)**: Published in the Journal of Economic Perspectives, this study finds that changes in top marginal tax rates in the U.S. have had little to no effect on average annual GDP growth rates, further challenging the notion that high tax rates are detrimental to economic growth.",
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Entry Information

Entry ID: 9885
Repository: Axioma AXP
Dataset: arrmlet/reddit_dataset_36
Total Entries: 100,000