Simplify, simplify

Reader comment on: A 95 Percent Marginal Rate

Submitted by Brock in HK (Hong Kong), Dec 4, 2013 03:53

The best way to avoid this high marginal "tax" rate for low income workers as a result of these benefits and the phaseout is to remove the benefits (and the phaseout) entirely. This would increase the incentive to work (keep nearly 100% of each incremental dollar of income given current marginal tax rates), while simplifying both the tax and benefits systems.

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⇒ Simplify, simplify [61 words]Brock in HKDec 4, 2013 03:53
Of course that is also true for exemption and deduction phaseouts [37 words]LyleDec 3, 2013 21:35

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