Reblogging for future reference:
When I write about the economics of fiscal policy and need to give people an easy-to-understand explanation on how government spending affects growth, I share my four-part video series.
But. other than a much-too-short primer on growth and taxation from 2016, I don’t have something similar for tax policy. So I have to direct people to various columns about marginal tax rates, double taxation, tax favoritism, tax reform, corporate taxation, and tax competition.
Today’s column isn’t going to be a comprehensive analysis of taxes and growth, but it is going to augment the 2016 primer by taking a close look at how some taxes are more destructive than others.
And what makes today’s column noteworthy is that I’ll be citing the work of left-leaning international bureaucracies.
Let’s look at a study from the OECD.
…taxes…affect the decisions of households to save, supply labour…
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