If high-income individuals must pay increased income tax rates in order to provide subsidies for low-income individuals
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If high-income individuals must pay increased income tax rates in order to provide subsidies for low-income individuals (and the subsidies are phased out as income increases), are the productive incentives of both high- and low-income people reduced? Why or why not?
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Increased income tax rates on highincome people reduce their takehome a...View the full answer
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