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How Does Federal Income Tax Progressivity Vary by Income Source?
While the federal income tax system is progressive, the degree of progressivity depends on whether income comes from wages or from other sources.
What Are the Characteristics of Banks with Large Unrealized Losses?
An analysis suggests banks with significant exposure to unrealized bond losses rely more on deposits, hold less-liquid assets and have smaller capital buffers.
Inflation and the Accuracy of Public Debt Forecasts
An analysis of public debt projections by the CBO examines how forecasting divergences can differ in a high-inflation versus a low-inflation environment.