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Politics : View from the Center and Left

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To: neolib who wrote (230854)	9/3/2013 11:32:04 AM
From: Alastair McIntosh	Read Replies (3) of 542147

One of the problems with the welfare system is the huge disincentive to earn additional income as a result of the tax structure. The very poor receive substantial benefits only when they stay very poor. The tax and benefit systems work together so that in many cases the effective (when loss of benefits is considered) marginal tax rate on additional income is more than 100%. If raising the marginal tax rates on high income earners to 50% is a disincentive, taxing the working poor at over 100% probably doesn't make much sense.

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