Tuesday, August 28, 2007
I am impressed by this graph drawn by Political Calculations. It shows that while the level of income inequality has risen in the U.S. in the last five years ever so slightly, the amount of progressivity in the federal tax system has gone up as well. I suppose this is as it should be. Those with income below $25,000 do not pay a positive income tax.
I'd like to see this one re-done with the inclusion of Social Security taxes.