Six tax-based ways to tackle US income inequality

Source: Jeffrey Frankel, The Guardian, December 18, 2019

….The first policy proposal would be to reinforce the estate tax. ….
Second, policymakers should give the IRS the resources it needs to collect taxes that are owed…..
Third, expanding the Earned Income Tax Credit (EITC) would help to “make work pay”. ….
Fourth, the payroll tax should be made more progressive…..
Fifth, the US government also should make the income tax more progressive – for example, by cutting the gap between the tax rates on investment income and wages. ….
Finally, Congress should revisit the December 2017 corporate-tax cut to make it revenue-neutral…..