Dec 1, 2021
In response to record-breaking deficits, politicians, pundits, and concerned voters are discussing new sources of tax revenue. Unfortunately, they often conflate wealth, income, and unrealized capital gains. This week, we clarify some of the confusion.
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This Week’s
Topic
https://taxfoundation.org/publications/state-local-tax-burden-rankings/#Burdens
https://fred.stlouisfed.org/series/FYFSD
https://fred.stlouisfed.org/series/GNP
https://fred.stlouisfed.org/series/FYFR
https://www.taxpolicycenter.org/briefing-book/how-do-us-taxes-compare-internationally
https://www.census.gov/library/publications/2021/demo/p60-273.html
https://www.investopedia.com/how-much-does-health-insurance-cost-4774184
https://ips-dc.org/u-s-billionaire-wealth-surged-by-70-percent-or-2-1-trillion-during-pandemic-theyre-now-worth-a-combined-5-trillion/
https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/
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