Monday, January 30, 2012

Greg Mankiw's Blog: Five Observations about Progressivity

Greg Mankiw's Blog: Five Observations about Progressivity: "1. The U.S. personal income tax is generally progressive, and substantially so. Click here to see the numbers. The average tax rate for tax returns with over $1 million in income is 25 percent. The average tax rate for returns with income between $50,000 and $75,000 is 7 percent."

'via Blog this'

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