Taxes: Would Doubling Taxes on the Rich Create More Jobs?

... the top tax rate has been above 70% before, and the economy averaged better than 4% growth.

There are two ways you can interpret this graph. One is that high marginal tax rates seem to create growth! That's probably wrong. Two is that high marginal tax rates coincided with, and did not constrain, years of high growth in the 1950s and 1960s. That sounds more like it.

For more, see Would Doubling Taxes on the Rich Create More Jobs? by Derek-Thompson, November 23, 2011 at The Atlantic.