There’s No Escaping Hauser’s Law

Monday, November 29th, 2010

There’s no escaping Hauser’s Law:

Over the past six decades, tax revenues as a percentage of GDP have averaged just under 19% regardless of the top marginal personal income tax rate. The top marginal rate has been as high as 92% (1952-53) and as low as 28% (1988-90).

(I’ve mentioned that you can’t soak the rich before.)

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