Economic Program | Memo

Are You Better Off On Tax Day? Will Middle Class Families Pay More or Less Federal Income Tax This Year?

by Ryan McConaghy and Tess Stovall

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Judging by the heated rhetoric, middle-class families must be paying higher taxes, right? We put it to the test. Third Way prepared tax returns for three typical middle-class families and found that each family is better off this tax day than they were in 2007.

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