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How Progressive Can the Income Tax Get?

I did a post on National Journal's economy blog, so go check it out.  It questions whether the Obama/Congressional Democrat plan to raise tax rates will make the income tax more progressive.

Short answer: no.  It will lead to sheltering.  What made the code more progressive over the past decade (and it's gotten more and more progressive) is that lower rates lead to more disclosure of taxable income.

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