Would a significant increase in the top income tax rate substantially alter income inequality? by William G. Gale, Melissa S. Kearney, and Peter R. Orszag published by Economic Studies at Brookings (9/2015). “The high level of income inequality in the United States is at the forefront of policy attention. This paper focuses on one potencial policy response: an increase in the top personal income tax rate…The resulting effects on overall income inequality are exceedingly modest.”
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