In 2012, in The Wall Street Journal, economists Peter Diamond and Emmanuel Saez wrote that, according to their analysis, the federal government's tax revenue would be maximized if the marginal income tax rate on individuals with the highest earnings were in or near the range of
A) 10 percent to 30 percent.
B) 30 percent to 50 percent.
C) 50 percent to 70 percent.
D) 70 percent to 90 percent.

Question

Quizplus · Accepted Answer

According to the analysis of economists Peter Diamond and Emmanuel Saez, the federal government's tax revenue would be maximized if the marginal income tax rate on individuals with the highest earnings were in or near the range of 50 percent to 70 percent.

In 2012, in the Wall Street Journal, Economists Peter Diamond