How Can We Make a Progressive Tax System More Efficient?

Marios Karabarbounis

Richmond Fed Economic Brief, 2024, vol. 24, issue 26

Abstract: In the U.S., income tax rates rise as households earn more. However, such a system means workers have a reduced incentive to increase their earnings. In this article, I discuss a finding from one of my papers that explores the possible effects of targeting tax rates on additional characteristics besides income.

Keywords: income tax; tax system; income inequality (search for similar items in EconPapers)
Date: 2024
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