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> Please, show me how an appropriately set income tax disincentivizes work. I'm guessing they can't and are equally uneducated on that subject. Income tax would
by yes_really 4y ago
> Please, show me how an appropriately set income tax disincentivizes work. I'm guessing they can't and are equally uneducated on that subject. Income tax would only provide a disincentive to work if the alternative (assistance programs) is more attractive. Which doesn't seem to be the case.
It's almost tautological that taxing income disincentivizes work. Of course, it does not mean that a 30% income tax will disincentivizes work so much as to completely stop it (the "optimal" point in the Laffer curve is around the 30% point), but it is obvious that on the margin people will start dedicating less to work if their returns are lowered due to taxes.