Phillip W. Magness

U.S. Economic & Political History

Something’s fishy with the Saez-Zucman tax stats

| October 27, 2019

Just over two weeks ago, Berkeley economists Emmanuel Saez and Gabriel Zucman approached the New York Times and Washington Post with an astonishing claim. According to new calculations performed by the pair, the wealthiest earners in the United States paid an overall effective tax rate in 2018 that was lower than the bottom half of […]

Piketty, Saez-Zucman, and the primacy of high progressive taxation

| October 28, 2014

Earlier this year I blogged at length about a series of data errors, large and small, in Thomas Piketty’s bestselling book Capital in the 21st Century (a summary of Piketty’s remaining errors may be found here, and an extended discussion of Piketty’s misuse of Soviet Union data assumptions to produce a desired result may be found here). One of […]