We Still Don't Understand Marginal Tax Rates
Posted at 1:30 p.m. on Nov. 20, 2012
As “fiscal cliff” negotiations heat up, Matthew Yglesias reminds everyone that the tax debate is really about marginal tax rates.
“The after-tax value of her $250,001st dollar of Adjusted Gross Income will be slightly lower if Obama gets his way than if he doesn’t get his way. But under either scheme, earning a higher pre-tax income will leave you with a higher after tax income. If you want more money, you want to get more more customers and earn more revenue just as usual.”
