Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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James Seagrove

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To: i-node who wrote (1006680)	3/18/2017 8:50:26 PM
From: FJB	2 Recommendations Read Replies (2) of 1575389

CBO ANALYST: HIGHER TAXES AND GOVERNMENT PROGRAMS DECREASE INCENTIVE TO WORK LOW- AND MODERATE-INCOME WORKERS FACED MARGINAL TAX RATE OF 31 PERCENT IN 2016 IRS building / Getty Images BY: Ali Meyer — March 18, 2017 4:59 am When a worker’s after-tax income declines due to higher taxes, that person has a reduced incentive to work, a Congressional Budget Office analyst explained. 'When workers' earnings rise but their after-tax income rises less, their incentive to work declines' ' Increases in marginal tax rates, on net, decrease the supply of labor by causing people already in the labor force to work less'

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