Discuss in Some Detail the Factors That Have Contributed to the Growing

question 38

Essay

Discuss in some detail the factors that have contributed to the growing inequality in incomes in the United States in the past two decades.

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Definitions:

Taxable Income

The portion of income that is subject to income tax after all deductions and exemptions are applied.

Publicly-traded Domestic Corporation

A company whose shares are traded on a public stock exchange within the issuing country, subject to regulation and reporting requirements.

Dividend

A portion of a company's earnings distributed to shareholders, usually in the form of cash or additional shares.

Formation of Corporation

The process of legally establishing a business as a corporation, which involves filing necessary documents with a government entity and adhering to the required regulatory procedures.