Friday, January 25, 2013

Working poor have the highest marginal tax rates

Edward J. McCaffery, USC professor:
[The] highest marginal tax rates in America do not fall on the highest incomes, like [Phil Mickelson, a professional golfer], but on certain of the working poor, many of them single parents, who are being taxed at rates approaching 90% as they lose benefits attempting to better themselves.

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