TaxNotes – Patrick Driessen National Income, Transfers, and the JCT’s Tax Rates (July 28, 2021)

Patrick Driessen has published an article on Tax Notes, titled “National Income, Transfers, and the JCT’s Tax Rates.” The article begins as follows:

In a recent pamphlet framing a congressional hearing on high-income and high-wealth taxpayers, the staff of the Joint Committee on Taxation offered what I believe is its first-ever official judgment about trends in historical income inequality.1 In focusing primarily on the federal level, the JCT staff concluded that after-tax, after-government-outlay, after-government-deficit (three mouthfuls collectively referred to here as post-government) income inequality has changed little in 50 years.

Click here to see the full article: National Income, Transfers, and the JCT’s Tax Rates

 Posted by Josh Saret, Associate Editor, Wealth Strategies Journal.

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