Rich get poorer
The tax codes soak the rich bias cost the treasury money when incomes were reduced during the recesion.
"...Over all, Americans had 2.8 percent less income in 2001 than in the previous year. But federal tax revenues fell 9.4 percent because the incomes of those at the top, who pay the highest tax rates, dropped so much more than the average."
The tax codes soak the rich bias cost the treasury money when incomes were reduced during the recesion.
"...Over all, Americans had 2.8 percent less income in 2001 than in the previous year. But federal tax revenues fell 9.4 percent because the incomes of those at the top, who pay the highest tax rates, dropped so much more than the average."
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