A new paper on wealth inequality from economists Emmanuel Saez and Gabriel Zucman – who have written frequently on the subject – was released earlier this month. This paper is far better than previous attempts to measure...
- Allocation of the Tax Burden by Income Class
Allocation of the Tax Burden by Income Class
Project Note No. 45
The severity of the tax burden emphasizes the question of the equity of our tax system. One aspect of equity is the relative weight of the burden on taxpayers at different income levels. Is the total tax burden distributed in some reasonable relation to income throughout the scale of individual and family income?
The present study provides an up-to-date estimate of the distribution of the tax burden on the basis of selected assumptions, together with a brief discussion of the limitations and significance of tax burden estimates. This estimate is based on national averages and cannot be applied directly to any state or locality.
George Bishop, Senior Researcher, has had primary responsibility for the research and drafting of this study. The Tax Foundation, a non-profit organization, is engaged in research and public education on all aspects of government spending and taxation. Its purpose is to aid in the development of more efficient government at less cost to the taxpayer. It also serves as a national information agency for organized taxpayer research groups throughout the country.
In his bestseller Capital in the Twenty-First Century, Thomas Piketty recommends a wealth tax as a remedy to inequality. The basic version of Piketty’s wealth tax would impose a tax rate of 1...
- The United States is not the only country to experience the phenomenon of corporate tax inversions.
- Despite cutting the corporate tax rate from 52 percent in 1980 to...
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