The Wealth Strategies Journal has posted a new article, entitled "When Higher Marginal Tax Rates Helped the Economy: Professor Paleveda's Paradox," by Nick Paleveda, MBA, JD, LLM.
From the article: "Generally, it is the thinking of the hoi palloi that lower marginal tax rates lead to prosperity, however the historical data indicates otherwise. This study takes us to 1951 where the highest marginal tax rates were 92 % until the present where the highest marginal tax rates are 35%. The study compares the returns of the S+P 500 and its relationship to the highest marginal tax rates during that time period. An abecedarian concept of taxation is to focus on the highest marginal tax rates. This study compares the highest marginal tax rates with the growth in the economy as measured by the S+P 500."
The article may be found here.
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