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