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Thursday, July 26, 2012

Tax Foundation: CBO Data Shows Increasing Redistribution in Tax Code

Tax Foundation logoTax Foundation:  CBO Report Shows Increasing Redistribution in the Tax Code Despite No Long-term Trend in Income Inequality:

Earlier this month, President Obama renewed his pledge to raise taxes on high-income earners, premised upon the belief that they do not pay their “fair share.” However, the latest data reveals that their share, whether fair or not, has actually gone up in recent years, while the share paid by everyone else has gone down.

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