According to Alan Krueger, the chair of the White House Council of Economic Advisers, the growing inequity between the upper class and the rest of the country has largely been due to tax policy. Krueger was quoted at the Center for American Progress as saying, "Tax changes in the early 2000s benefited the very wealthy by much more than other taxpayers, compounding the widening gap in pretax earnings, income tax changes have made the distribution of after-tax income more unequal, not less.
The full article is published by Tax Analysts at 2012 TNT 9-2 ( January 2012)
Posted by Ian Horowitz , Associate Editor, Wealth Strategies Journal
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