Progressive tax

U.S. Taxes Rates | Wealthiest pay 40% less than 50 years ago while middle class pay roughly the same

Michael Greenstone and Adam Looney of The Hamilton Project – Brookings Institute examine the progressivity of the U.S. tax code and highlight two facts: the current U.S. tax system is less progressive than the tax systems of other industrialized countries, and considerably less progressive today than it was just a few decades ago. The figure below shows how much … Continue reading →