Woe for the Working Classes

John M. Connor ()

Challenge, 2007, vol. 50, issue 2, pages 20-38

Abstract: It is hard to find any evidence that tax increases reduce the work-effort of high-income earners, according to this economist. Meantime, traditional families in the lower-income half of our population have been faring badly for most of the past quarter century even without comparing them to the top fifth and especially to the top 5 percent who have done so well. The only good years the traditional family has had in the past twenty-five followed a tax increase in 1993. All those gains have been lost since the tax decrease in 2001.

Date: 2007

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