Summary of Rising Income Inequality and the Role of Shifting Market-Income Distribution, Tax Burdens and Tax Rates

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

Rising Income Inequality and the Role of Shifting Market-Income Distribution, Tax Burdens and Tax Rates  summary
Start getting smarter:
or see our plans

Rating

7 Overall

8 Importance

7 Innovation

7 Style

Recommendation

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.
 

About the Author

Andrew Fieldhouse is a federal budget policy analyst and a fellow at the Century Foundation.

 

Summary

After World War II, the United States underwent vigorous economic growth. People at all income levels enjoyed its benefits. Since 1979, the majority of income gains have accrued to those at the top of the earnings scale, resulting in a sharp rise in the Gini index, a measure of income inequality. Market...

Get the key points from this report in 10 minutes.

For you

Find the right subscription plan for you.

For your company

We help you build a culture of continuous learning.

 or log in

Comment on this summary

More on this topic

Customers who read this summary also read

More by category