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In: Economics

“High income tax rates adversely affect economic growth and reduce tax revenues.” ​​ Evaluate this statement...

“High income tax rates adversely affect economic growth and reduce tax revenues.”
​​ Evaluate this statement both theoretically and empirically with respect to the impact of the tax on: labor supply, savings decisions, risk taking. (Use diagrams)
​​ Relate your analysis to the arguments for and against the rationale behind the ​ 2018 TAX Reform Bill (Tax Cut and Jobs Act)

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Rahul Sunny answered 1 year ago
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