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Yeah, to some extent it's also important that the marginal tax rate should always be monotonically nondecreasing. But that's not quite as critical as the margin
by JoshTriplett 1y ago
Yeah, to some extent it's also important that the marginal tax rate should always be monotonically nondecreasing. But that's not quite as critical as the marginal tax rate never being above 100% (including all accounting for loss of credits/deductions).