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How Do Transfers and Progressive Taxes Affect the Distribution of Income?
Federal tax rates vary by income group and tax source. The federal tax system redistributes income from high- and low-income taxpayers.
3 min readAnalysis of the “SALT Act”
Lawmakers recently introduced a bill to repeal the $10,000 cap on the state and local deduction (SALT) and raise the top tax rate on ordinary income from 37 percent to 39.6 percent.
4 min read