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The post-COVID price surge has reignited interest in inflation's impact on American households. Even if anticipated and with full market adjustments, inflation affects households through its interaction with the fiscal system, which is the focus of this paper. Inflation affects households...
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We find far less inequality in spending power than in wealth or labor earnings due to the fiscal system's high degree …
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accurately capture actual remaining lifetime marginal net tax rates. We find far less inequality in spending power than in wealth …
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