Addressing Severe Income Inequality with Tax Reforms

In a recent New York Times op-ed, Steven Rattner calls  attention to the astounding income inequality between the top taxpayers and everyone else. In 2010, the top 1% enjoyed an 11.6% increase in their average income of $1,019,098 while the remaining 99% earned an $80 increase. Rattner continues by mentioning his suggestions for improvement including better education and training, a fairer tax system, and aid programs. In concluding, he hopes that the expiration of certain tax policies provides the opportunity for beneficial tax reforms.

See Steven Rattner, "The Rich Get Richer," New York Times (Mar. 25, 2012).

Posted by Theresa Androff, Associate Editor, Wealth Strategies Journal