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From Economic Policy Institute:
Between 1960 and 2004, the average tax rate fell by nearly 14 percentage points for the top 1% of earners, while it has increased slightly (from 15.9% to 16.1%) for earners in the middle 20%. The shrinking share of corporate taxes combined with an increase in payroll taxes has helped widen income inequality. Read more in this week's Economic Snapshot. Read more from this post.
Posted on April 15, 2008 7:37 PM
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