Public moneys have recently been used to help the
unemployed, the
poor and the
financially distressed endure the recession, but at the same time have dramatically eroded incentives for people to maintain their own living standards by seeking, accepting and retaining jobs, as well as incentives for employers
to create jobs that are attractive to workers.
These incentives and their changes over time in terms of marginal tax rates, which refer to the extra taxes paid, and subsidies forgone, as a result of working, expressed as a ratio to the income from working. ...
TaxProf Blog: AEI Forum: The Redistribution Recession
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