Economists Cox and Alm Compared the Gap Between Rich and Poor

question 76

Short Answer

Economists Cox and Alm compared the gap between rich and poor and found that the richest 20% was about 2 times better off than the poorest 20% when they compared what data?

---

Definitions:

Form 1040

The standard IRS form that individuals use to file their annual income tax returns, encompassing income, deductions, and credits.

§179 Expense Deduction

The §179 expense deduction allows businesses to deduct the full purchase price of qualifying equipment or software purchased or financed during the tax year, subject to certain limits.

Earned Income

Income derived from active participation in a business or wage-earning employment.

Transportation Costs

Expenses incurred for transporting goods or individuals from one location to another.