Should Income Tax Rates Depend on Lifetime Earnings?
When discussing income taxes, the word “fairness” is thrown around an awful lot. We want the tax system to be fair in the sense that the amount of taxes charged to an individual reflects their ability to pay. Needless to say I was intrigued when I read about a recent policy proposal that has the goal of restructuring the income tax system to better reflect the ability to pay principle. In “Should Income Tax Rates Depend on Lifetime Earnings?” we look at the link between income, wealth, and our ideas on fairness. If you’d like to have your question answered or make a comment on something you read on the site, please use the feedback form. If you’re a student and would like to win $100 for the 2 minute work of sending me your old term paper, check out “
