The U.S. income tax system is “very progressive,” and it’s increasingly taking on the role of providing social benefits to households, according to the Tax Foundation.
Lower household income and tax relief measures introduced during the pandemic allowed more Americans to pay no taxes in 2020. And President Joe Biden’s Build Back Better plan aims to extend these measures, making the tax system even more progressive, Garrett Watson, senior policy analyst at the Tax Foundation, wrote in a report.-- More...
