Not very.
#32 in a series of 50.
by Tyler Cowen on March 23, 2007 at 7:55 am in Political Science | Permalink
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Whose bugdet? I’m very confused.
US Budget.
This is a short answer type of question.
Note that the Tax Foundation study, cited directly above, shows that poor people get a great deal of expenditure relative to the taxes they pay. That is not the same as the expenditure side of the budget, on its own terms, being progressive.
Is someone a little tired of doing 50 posts by request?
Much of the government’s budget that looks like transfers from the rich to the poor is actually transfers from the young and the middle aged to the old. How progressive would the system be if transfers and income were calculated over a lifetime instead of a year?
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