U.S. tax code isn’t as progressive as you think

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It’s easy to make the U.S. tax system sound really, almost preposterously, progressive. The Tax Foundation, for example, likes to emphasize that the top 10 percent of taxpayers paid 70.6 percent of income taxes in 2010, compared to 54.6 percent in 1986. That sure sounds like a lot! But it’s incomplete. For one thing, you… Read more »