Average Income Tends to Rise with Age

Tax Policy – Average Income Tends to Rise with Age A commonly overlooked reason for the difference in income levels among taxpayers is the life cycle issue. As we mature and gain work experience, our incomes tend to rise; income typically peaks when we...

Tax Treatment of Worker Training

Tax Policy – Tax Treatment of Worker Training  Key Findings Education and training are investments in human capital and, over time, increase productivity and economic growth as human capital accumulates. Research shows that human capital investment and...