A graduate of the U. S. Naval Academy in the Class of 1941, Captain Taussig was wounded at Pearl Harbor 7 December 1941 while serving in the USS Nevada (BB-36). In 1949, he graduated from George Washington Law School. From 1952 to 1954, while Senior Instructor in Military Law at the U. S. Naval Academy, he assumed collateral duty as Secretary-Treasurer of the U. S. Naval Institute. After retirement from active duty, he stayed on at the Naval Institute as Executive Secretary for two years. In 1956, he went to Westinghouse Air Arm as Senior Engineer, Advanced Development Engineering; in 1958, he became Corporate Representative, The Raytheon Company. He was Director, Government Relations, Joy Manufacturing Company, when, in 1962, he established Taussig, Tomb & Associates, a consulting and representative firm in Washington, D.C. He is a Director of the Retired Officers Association.