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Effective Marginal Tax Rates

May 7, 2021

While the maximum tax rate on wage and salary income is significantly higher than for capital income, the effective marginal tax rate—the additional tax paid for additional income earned—is similar when measured across all tax units.

How Much Have Jobs Recovered by Industry?

April 30, 2021

The U.S. economy is still down 6.7 million jobs from one year ago. Over half of those losses are concentrated in two industries: leisure and hospitality; and government.