Taxes are a primary tool for redistributing income from the wealthy to lower income earners. The economic
Question:
Taxes are a primary tool for redistributing income from the wealthy to lower income earners. The economic impact of the redistribution of income is a highly debated topic and arguments are generally formed in the Tax Reduction/Increase debates. The following two sites look at world income distribution and provide a comparison over time
http://www.globalpolicy.org/social-and-economic-policy/global-injustice-and-inequality/inequality-of-wealth-and-income-distribution.html
http://www.imf.org/external/pubs/ft/weo/2007/02/
Data for the U.S. are also available from the Census Bureau at: http://www.census.gov Search for income distribution. From the Heritage Foundation, a conservative think tank, there are two articles that address the impact of tax changes:
http://www.heritage.org/Research/Budget/wm1639.cfm
http://www.heritage.org/Research/Budget/wm1648.cfm
Expert Answer:
When keenly perceived the main aim of taxation in any given economy tends to promote the overall nat... View the full answer
