3 ms·
Right. The current low rates provide much stronger incentives to accurately report income vs. less efficient tax shelters and in-lieu-of-cash benefits. So we ex
by twoodfin 3y ago
Right. The current low rates provide much stronger incentives to accurately report income vs. less efficient tax shelters and in-lieu-of-cash benefits. So we expect taxable income statistics to more accurately capture real earnings than under earlier tax regimes (particularly pre-1986).