In response to record-breaking deficits, politicians, pundits, and concerned voters are discussing new sources of tax revenue. Unfortunately, they often conflate wealth, income, and unrealized capital gains. This week, we clarify some of the confusion.

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This Week’s Topichttps://taxfoundation.org/publications/state-local-tax-burden-rankings/#Burdens

https://fred.stlouisfed.org/series/FYFSD

https://fred.stlouisfed.org/series/GNP

https://fred.stlouisfed.org/series/FYFR

https://www.taxpolicycenter.org/briefing-book/how-do-us-taxes-compare-internationally

https://www.census.gov/library/publications/2021/demo/p60-273.html

https://www.investopedia.com/how-much-does-health-insurance-cost-4774184

https://ips-dc.org/u-s-billionaire-wealth-surged-by-70-percent-or-2-1-trillion-during-pandemic-theyre-now-worth-a-combined-5-trillion/

https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/

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