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Discussion: (1 comment)

  1. Michael Moran

    I would also like to see someone adjust “rising income inequality” for the 1986 tax law changes where tax shelters were eliminated. The CBO paper which adjusted for government aid and non taxable benefits found but for top 1%, not much increase in income inequality. I think much of the reported increase in income inequality for top 1% reflects things like changes in the tax code. In addition cost of living adjustment should be greatest for them since they are mainly in high cost of living areas. Next adjust for movement in and out of top 1%.

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