Poverty-Stricken Families Rejoice as Radical Tax Reforms Boost Incomes
The article explores how tax systems can balance fairness and poverty reduction. It suggests that low incomes should have low or even negative tax rates, with higher taxes for those who earn more. By using a specific formula, the researchers show that this approach could align with the current US tax system for families with children. This means that a tax system based on fairness and reducing poverty could better match what experts recommend for optimal tax policies.