Author: Stephen J. Entin (Stephen J. Entin)

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High Marginal Tax Rates on Saving Hurt Us All

The personal saving rate in the United States is alarmingly low.  The average person saved about nine percent of his disposable (after-tax) personal income in the mid-1980’s, about five percent in the mid-90’s, but only about two percent so far this decade.  These very low rates of saving restrict investment, which, in turn, considerably retards...