A substantial economic literature has developed in recent years that suggests that taxation of capital in theory can have very harmful economic consequences over time. Indeed, some authors who have conducted research based on theoretical grounds have even argued that capital taxes should be set to zero. Yet...

The authorsfind that higher population U.S. states have more pages of legislation and adopt particular laws earlier in their history.

Top economists provide much-needed guidance--and some surprising conclusions--in response to rising public concerns about inequality in the U.S. tax system.