Episode 62: Progressive Taxation Makes Everyone Worse Off
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The Government Takes Away and Gives With the Other
The poorest 20% of Americans end up paying negative 56%. That is, they actually end up when all the dust settles of government taking away money and giving them money. The average household in the bottom 20% pays $800 in federal taxes and receives almost $10,000 in transfers. So let's just be real clear about that: The poor are not paying taxes.
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