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Greg Mankiw vs. Biden’s CEA

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The Harvard economics professor looks at the Council of Economic Advisers’ contention that the 400 richest households in the U.S. pay lower average tax rates than everyone else. The White House gets this result by including unrealized capital gains in the denominator even though they are not taxed. Mankiw comments:

The problem is that this question has little connection to the........

© National Review

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