Suppose a candidate who runs on a platform of soak the rich wins the 2016 presidential election.
Question:
Suppose a candidate who runs on a platform of “soak the rich” wins the 2016 presidential election.
After being elected, he or she persuades Congress to raise the top marginal tax rate on the federal personal income tax to 65%. Use one graph to show the effect of this change in tax rates on the market for municipal bonds and another graph to show the effect on the market for U.S. Treasury bonds.
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Money Banking And The Financial System International Edition
ISBN: 978-1292000183
2nd Edition
Authors: R. Glenn Hubbard ,Anthony P Obrien
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