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Taxes

Progressive taxation and the subjective well-being of nations

Source: JournalistsResource.org

To what extent can governmental policies help cultivate a relatively prosperous, secure and free citizenry? A 2011 study published in Psychological Science, “Progressive Taxation and the Subjective Well-Being of Nations,” evaluates the impact of progressive taxation — a higher tax rate for the rich and a lower one for the poor — on levels of satisfaction and well-being.