typically, a one percentage point of GDP increase in taxes leads to a decline in GDP by about 1.5 percentage points after 3 years.
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Wednesday, February 23, 2011
More Research Finds Tax Increases Cause GDP Declines
Posted By Milton Recht
From "The Effects of Tax Shocks on Output: Not so Large, But Not Small Either" by Roberto Perotti, February 2011:
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