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The way some people talk, you’d think that a flat tax system—in which everyone pays at the same rate regardless of income—would make citizens feel better than more progressive taxation, where wealthier people are taxed at higher rates. Indeed, the U.S. has been diminishing progressivity of its tax structure for decades.... More>
OK, so I confess I woke myself up at 3:45 AM to watch the royal wedding, and I thoroughly enjoyed it. Who doesn’t like a good fairy tale? But in […]... More>