President Obama recently gave a lengthy speech on inequality, poverty, and what to do about it. He claimed inequality is increasing, which is debatable, and then offered a few populist ways to reduce it, such as raising...
- Top Quintile Now Pays 94% of Income Taxes
Top Quintile Now Pays 94% of Income Taxes
Lawmakers are currently looking to reform the United States’ corporate tax code, mainly focusing on the high corporate income tax rate. At a combined federal and state rate of 39.1 percent, it is the highest rate in the...
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...
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