Book of Donmon Teith

It is argued that taxation causes three kinds of deadweight losses and two types of direct costs. The deadweight losses arise from substitution, evasion, and av

The fact that raising taxes can increase taxed labor supply through income effects is frequently used to justify much lower measures of the marginal welfare cos

Argues that increasing income tax to supplement government spending is "costing us more in lost enterprise and effort than it is bringing us in added benefits."

The fact that raising taxes can increase taxed labor supply through income effects is frequently used to justify much lower measures of the marginal welfare cos