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Income tax

Background info

The Federal income tax is a progressive tax, meaning it charges a higher tax rate for people with higher income.

The rationale is that people with less usually have to spend a higher percentage of their income on basic living necessities than wealthier people.

Investopedia

In addition to raising revenue, Congress uses the tax system to influence social policy and deliver benefits for specific groups.

This attributes to the complexity of our tax code. Federal tax compliance overall consumes more than 6 billion hours of time each year.

Time

The positions

Conservative

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