Part V: Yes, Taxes Change Behavior

Part V: Yes, Taxes Change Behavior

Economic analysis of taxation is fairly simple and straightforward: The more you tax of something, the less you get of it. Yes, you want to focus on marginal tax rates, and yes, you want to look at “double taxation” to get effective marginal tax rates. If...
Taxes and Growth, Part II

Taxes and Growth, Part II

I wrote a column about taxes and growth in 2020. Let’s augment that analysis by digging into some details. I decided to address the issue today after seeing a tweet with this helpful summary of how different taxes cause different levels of economic...