Econstudentlog

Progressivity

A while ago, Greg Mankiw made a simple point:

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I just stumbled upon this rather interesting study (pdf) on the same subject. If you include local taxes and the public spending part as well, the picture looks like this:

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The study notes that “overall, households in the bottom quintile receive $8.21 in government spending for every dollar of tax, while households in the third quintile receive $1.30, and households in the top quintile receive $0.41.

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July 30, 2007 - Posted by | data, economics

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