Most low- and middle-income taxpayers struggle to accumulate wealth using tax-advantaged tools because they save a small share of their income, and even those who save $100,000 to $200,000 in home equity or retirement accounts earning 5 percent annually may only realize about $1,000 in annual tax savings.

Authors

• Person: Not available Organization: Tax Policy Center
  How Government Tax And Transfer Policy Promotes Wealth Inequality

Sources

• How Government Tax And Transfer Policy Promotes Wealth Inequality taxpolicycenter.org Tax Policy Center via serper

Referenced by nodes (3)

• wealth accumulation concept
• retirement accounts concept
• home equity concept