Phil Magness (@philwmagness) 's Twitter Profile
Phil Magness

@philwmagness

Economic historian @independentinst. I do data analysis about policy, past & present. Opinions are my own. RT =/= endorse.

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linkhttp://www.philmagness.com calendar_today04-12-2012 17:58:37

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Phil Magness
@philwmagness

16 days ago

This claim is nonsensical, Daron Acemoglu. 1. Almost nobody paid the high statutory rates in the 1950s. Effective tax rates were much lower due to intentional loopholes. 2. There's no causal link between high rate/low inequality (or vice versa). See: academic.oup.com/ej/article-abs…

This claim is nonsensical, <a href="/DAcemogluMIT/">Daron Acemoglu</a>. 1. Almost nobody paid the high statutory rates in the 1950s. Effective tax rates were much lower due to intentional loopholes. 2. There's no causal link between high rate/low inequality (or vice versa). See: academic.oup.com/ej/article-abs…