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by refurb
3075 days ago
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Thanks for the correction on the year. Income growth can definitely explain the increase in tax burden, but my point still stands, no? The tax burden is not shifting from the wealthy to the poor. And if you look at the bottom quintile, their tax burden has fallen, even though income continues to rise. |
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Should think of the marginal utility of their funds. If a $20,000 a year person pays $5,000 - it's much worse than a $10,000,000 paying $100,000.