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PROGRESSIVE TAXATION AS A MEANS TO EQUALITY OF CONDITION AND POVERTY ALLEVIATION

PROGRESSIVE TAXATION AS A MEANS TO EQUALITY OF CONDITION AND POVERTY ALLEVIATION This paper explores the tax and transfer systems in the United States and argues that by being less progressive than its counterparts, the current tax system in the United States promotes inequality of condition, which not only hinders projects that could lead to poverty alleviation but also contributes to higher rates of poverty. It is further argued that redesigning the tax system to be more progressive – that is, to require higher incomes to pay proportionally higher taxes – is instrumental in promoting equality of condition and alleviating poverty. JEL codes: H21; H71; K34 Keywords: tax system; transfer system; United States; OECD countries; income inequality; wealth inequality; equality of condition; poverty; poverty alleviation http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics, Management, and Financial Markets Addleton Academic Publishers

PROGRESSIVE TAXATION AS A MEANS TO EQUALITY OF CONDITION AND POVERTY ALLEVIATION

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Publisher
Addleton Academic Publishers
Copyright
© 2009 Addleton Academic Publishers
ISSN
1842-3191
eISSN
1938-212X
Publisher site
See Article on Publisher Site

Abstract

This paper explores the tax and transfer systems in the United States and argues that by being less progressive than its counterparts, the current tax system in the United States promotes inequality of condition, which not only hinders projects that could lead to poverty alleviation but also contributes to higher rates of poverty. It is further argued that redesigning the tax system to be more progressive – that is, to require higher incomes to pay proportionally higher taxes – is instrumental in promoting equality of condition and alleviating poverty. JEL codes: H21; H71; K34 Keywords: tax system; transfer system; United States; OECD countries; income inequality; wealth inequality; equality of condition; poverty; poverty alleviation

Journal

Economics, Management, and Financial MarketsAddleton Academic Publishers

Published: Jan 1, 2014

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