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    Income Disparity and the Concept of Progressive Taxation

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    After reviewing the range of earnings across various jobs on salary.com, it should be clear that income disparity in our economy is considerable. Explain whether or not you believe that the degree of variation is justified. Explain your rationale.

    Progressive income taxes (the more you earn, the more you pay) are designed in part to reallocate earnings. Does the approach seem fair? Explain your answer.

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    I believe that the degree of variation in income is justified, due to the fact that the variation in income is commensurate with the variation in the skill levels ...

    Solution Summary

    The solution determines the income disparity and the concept of progressive taxation.