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...
- A Distributional Analysis of Fiscal Policies in the Unite...
A Distributional Analysis of Fiscal Policies in the United States, 2000-2012
This study provides an in-depth discussion of the distribution of U.S. tax and spending policies across various subgroups of the population, mainly income groups, from 2000-2012. The study finds that in calendar year 2012, governments at all levels in the United States redistributed between $1.2 trillion and $2 trillion from the top 40 percent of the income spectrum to the bottom 60 percent, with the actual estimate depending on the assumption made regarding the distribution of government spending. Virtually all of this redistribution comes from the top 20 percent of the income distribution as the fourth quintile (60th to 80th percentiles) is only slightly negative. Approximately half of the redistribution from the top quintile comes from the top 1 percent, and approximately half of the redistribution to the bottom three quintiles goes to the bottom quintile. This study also provides estimates of redistribution along other dimensions such as age groups and marital status, and performs sensitivity analysis of methodological assumptions pertaining budget deficits and government spending.
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...
Join the Tax Foundation's fight for sound tax policy Go
Tax Policy Blog
The official weblog of the Tax Foundation.
Tax By State
For information on your state, select it from the drop-down menu.
Ask a Tax Expert
Contact information for Tax Foundation policy staff Ask