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|Subject: Re: The Fiscal Cliff-Solving the wrong problem||Date: 11/14/2012 10:46 AM|
|Author: MadCapitalist||Number: 408450 of 501053|
Of course, given the complex nature of our tax codes, one might point out that it's not the marginal tax rate for the higher earners that counts ( i.e. 90% versus 39% ), it is the effective tax rate ( what they actually pay after all deductions, etc ) that counts:
It depends on what you mean by "counts." The marginal tax rate has a bigger impact on behavior.
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