Taxing the Wealthy: What Does the Research Show?


game tiles spelling 'wealthy taxes'

Taxing the wealthy has become a front-page issue in American politics, with some arguing that taxes on the wealthy are much lower than they have ever been in American history, and others arguing that taxing “job creators” damages the economy. But what does the research really show?

This nonpartisan policy briefing considers three questions: Do taxes on the wealthy hurt the economy? Do they cause the wealthy to flee to other jurisdictions with lower tax rates? And are higher taxes on the wealthy politically possible in the contemporary anti-tax climate?

Panelists

“Economic Consequences of Taxing the Wealthy”

William Gale, Director of the Retirement Security Project, Arjay and Frances Miller Chair in Federal Economic Policy, and Senior Fellow, Brookings Institution; Co-Director, Urban-Brookings Tax Policy Center

“Flight of the Millionaires? The Evidence on Top-Earner Taxation and Migration”

Charles Varner, Doctoral Candidate in Sociology, Princeton University; Fellow, Center for the Study of Poverty and Inequality, Stanford University 
Related papers: Millionaire Migration in California (pdf) and a Natural Experiment (pdf)

“The Politics of Raising Taxes in the Anti-Tax Era”

Monica Prasad, Associate Professor of Sociology and Fellow, Institute for Policy Research, Northwestern University

Moderator

David Figlio, Director and Fellow, Institute for Policy Research; and Orrington Lunt Professor of Education and Social Policy and of Economics, Northwestern University

Friday, December 7, 2012, 12:30 - 2:00 p.m.

Rayburn House Office Building B-369
45 Independence Avenue, SW, Washington, D.C.