3 ms·
I don't think you use it anywhere but > The marginal income from labor under a BI is precisely (1 - tax_rate) * income, rather than (1 - tax_rate - lost_benefi
by spindritf 13y ago
I don't think you use it anywhere but
> The marginal income from labor under a BI is precisely (1 - tax_rate) * income, rather than (1 - tax_rate - lost_benefits) * income.
shuldn't the second one be (1 - tax_rate) * income - lost_benefits? I don't know if/how benefits are taxed in the US.
- wavefunction 13y agoMany transfer payments in the US are subject to taxation. This includes Social Security, Unemployment, and some forms of Disability.