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A problem with creating entitlements is the high marginal tax rates that result as the entitlement is slowly withdrawn as income rises. These marginal tax rates, especially when combined with other means-tested programs, create a disincentive to work longer hours or earn more money.
This is a shocking graphic. Notice that low and moderate income workers are facing the highest rates.
I think this administration is fundamentally anti-work.
according to both in large part because this indicates the flow rate of the changes that people can not get their medications as vicoidin, hydrocodone, lortab are chronic pain medication and which lessen the daily suffering, lei in findrxonline that these drugs are opioid prescription needed but a lot of people trafficked with them on the black market, this is what we must avoid.
Ken, I think they are anti worker.
I don’t quite understand where the 13% comes attributed to the tax code. Payroll taxes alone should be higher than that.
The one thing that might mitigate the problem Devin describes would be if withdrawal of entitlements were synchronized with the increase in income tax rates, effectively creating a flat tax. This would actually provide a logical economic reason for having a graduated income tax.
[…] ObamaCare Effective Marginal Tax Rate for Moderate-Income Family: 41% | John Goodman | NCPA […]
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