Middle class growth slows as taxes and inflation bite
The middle class, 42 percent of taxpayers paying 54 percent of taxes, faces rising costs and stagnant wages in 1975. Economists warn that inflation and higher taxes erode purchasing power, keeping many households from advancing.
MENTIONED IN THIS ARTICLE
Associated Press
Tax Foundation
Edward Steinberg
The
Louis Masotti
Northwestern University
Masotti
Masetti
Washington
Fairfax County
University of Michigan
SRC
Jag Kmiedeskamp
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