What Does Tax Policy Have to Do with Happiness?

With the U.S. presidential election just days away, tax policy is on the minds of many Americans. While President Obama and Governor Romney offer different approaches to taxation, the debate has not really asked the question of how taxes affect their citizens' happiness. Shige Oishi of the University of Virginia weighs in on this question on the PSP Connections blog – citing recent research that found that residents of countries with the most progressive taxation were happier than residents of those countries with less progressive tax policies.