Monday, August 18, 2008

Greg Mankiw's Blog: Obama's Top Marginal Tax Rate

Greg Mankiw's Blog: The Marginal Life

This is a tasty bit!

"When added up, the top effective marginal tax rate rises...from 37.9 percent to roughly 48 to 50 percent."

"I suppose that, for thinking about work incentives, one should add on a few percentage points for state and local taxes as well."

In addition, a few percentage of breathing and walking as well, that would be nicely add up about 60%! who knows then everything for free, rest of the money is for your nice pocket money! Then no one wants to go to work, hehehe there would be no money for the Coffer!!

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