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As the rich become super-rich, they pay lower taxes.
One of the cornerstones of American income tax policy is that taxes are fair. People who make more money devote a higher share of their income to federal income taxes than people who make less money. That allows for a redistribution of wealth that lowers inequality.
But new data out this spring from the IRS gives us a closer look of how the income tax works at the pinnacle of the income distribution, and the system is flawed. More
One of the cornerstones of American income tax policy is that taxes are fair. People who make more money devote a higher share of their income to federal income taxes than people who make less money. That allows for a redistribution of wealth that lowers inequality.
But new data out this spring from the IRS gives us a closer look of how the income tax works at the pinnacle of the income distribution, and the system is flawed. More
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