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Within the context of these tax changes, to whit: "we want to incentivise work, especially doctors", the marginal tax rate is the important one. The is importan
by adammarples 4y ago
Within the context of these tax changes, to whit: "we want to incentivise work, especially doctors", the marginal tax rate is the important one. The is important specifically because we have the case now where doctors are turning down work because their marginal rate for that extra work is 60%, and I don't blame them. Personally I have taken months off this year for that reason, although I am not a doctor. Marginal rates affect decisions at the margin, they matter.
- tharkun__ 4y agoThat is fair enough (and what the article is referring to as well). Personally I'd rather make 150k and have about 90k in my pockets than to make 100k and have 66k in my pocket. Especially if a shitty 2 bedroom apartment costs 500k to buy.