Tax Burden Equal to 70% Rate Crushes Americans Unable to Pay
A collection of U.S. one-hundred dollar bills sit on a black background in this arranged photograph in Hong Kong, China. (Photographer: Paul Yeung/Bloomberg)

Tax Burden Equal to 70% Rate Crushes Americans Unable to Pay

(Bloomberg) -- Millions of low-income Americans are locked into poverty thanks to U.S. tax policy, Federal Reserve Bank of Atlanta researchers say.
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