The Saez-Stiglitz Hypothesis

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What is the Saez-Stiglitz Hypothesis?

  1. The hypothesis that the top 1% of earners pay a higher effective tax rate than the bottom 99%
  2. The hypothesis that the top 1% of earners pay a lower effective tax rate than the bottom 99%
  3. The hypothesis that the top 1% of earners pay the same effective tax rate as the bottom 99%
  4. None of the above
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