Summary of Rising Income Inequality and the Role of Shifting Market-Income Distribution, Tax Burdens and Tax Rates
US tax policy has been a significant driver of rising inequality in the United States.
US income inequality “has surpassed Gilded Age levels.” Federal budget policy analyst Andrew Fieldhouse looks at how the US tax regime exacerbated this disparity. He offers a new policy direction to reverse this trend and to generate revenue to reduce deficits. Though statistics-heavy, this paper is cogent and comprehensive. getAbstract recommends it to experts and laypeople interested in the relationship between tax policy and income inequality.
In this summary, you will learn
- How tax policy affects inequality in the United States,
- How the tax regime has changed since 1979, and
- How to reduce inequality and generate new revenue for deficit reduction.
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