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Accession Number PB2013-100753
Title Effective Marginal Tax Rates for Low- and Moderate-Income Workers.
Publication Date Nov 2012
Media Count 53p
Personal Author N/A
Abstract Under the current system of taxes and government benefit programs, as workers' earnings increase, the amount of taxes they owe typically rises and the amount of cash and other benefits they receive typically falls. The combination of increased taxes on earnings and reduced benefits determines effective marginal tax rates-specifically, the portion of an additional dollar of earnings that is paid in taxes or that is offset by a reduction in benefits. Those effective marginal tax rates affect people's incentives to work. In particular, and all else being equal, people tend to work fewer hours when effective marginal tax rates are high. Such behavioral responses, in turn, affect the overall supply of labor in the economy.
Keywords Benefits
Earnings
Income taxes
Labor
Marginal tax rates
Rates(Costs)
Workers

 
Source Agency Congressional Budget Office
NTIS Subject Category 96A - Domestic Commerce, Marketing, & Economics
70D - Personnel Management, Labor Relations & Manpower Studies
Corporate Author Congressional Budget Office, Washington, DC.
Document Type Technical report
Title Note N/A
NTIS Issue Number 1307
Contract Number N/A

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