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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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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