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However on the other side it should be easier to remove the welfare cliffs that exist in current systems. In the UK there are points where the marginal tax rate
by IanCal 11y ago
However on the other side it should be easier to remove the welfare cliffs that exist in current systems. In the UK there are points where the marginal tax rate is iirc ~75%. In the US there are points where you end up with less money if you work more.
So we may be removing other large disincentives at the same time.