Monday, January 7, 2013

NYT: Federal income tax most progressive since 1979

The federal income tax is more progressive than at any time since 1979, when Jimmy Carter was president. Per The New York Times.

If you are young, and those incremental tax dollars actually go to slow the growth of the national debt, thank a "rich" person. If those dollars just go to more government programs and you are the current beneficiary, you might do the same.

A round-up of the impact of last week's tax increases, by constituency, here.

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