The Influence of Individual Income Tax on Long-Term Economic Growth and Social Equity: The Comparison between California and Texas

Research Question:

How can top individual income tax rate achieve the goal of sustainable economic growth and narrow the magnitude of income inequality if looking at the state comparison between TWO STATES?

Please provide the possible explanation: The main purpose of this paper is to find the relationship among the highest bracket of individual income tax, state GDP growth per capita, and state productivity growth. Moreover, this paper should include some explanations on income inequality based on the state poverty rate and unemployment rate.

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