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Economics

Friedman Fundamentals

Contributing Scholar: Milton Friedman

What We Learned About 70% Tax Rates 50 Years Ago

Milton Friedman explains why high tax rates lead to loopholes, and why low rates on a broad base lead to a more equitable system.

What We Learned About 70% Tax Rates 50 Years Ago
Key Point
Fellows with Friedman

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Up Next What Drives Economic Progress

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What We Learned About 70% Tax Rates 50 Years Ago

Tax Rates

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