4 ms·
The tax on income disincentivizes meaningful productive work. If you have to pay out $50 for every $100 you make, you would probably just not bother putting in
by cuteboy19 5y ago
The tax on income disincentivizes meaningful productive work. If you have to pay out $50 for every $100 you make, you would probably just not bother putting in the effort.
As grandparent said, every tax causes this kind of incentive. So people thought long about what was the least worst of all the options and came up with LVT and similar ideas. They cause the minimum harm to the economy and have the least side effects and "unintended consequences"