Calculate Your Work Incentives

Greg Mankiw finally answered the question that we've been waiting all election season to find out: "How will John McCain's or Barack Obama's tax proposals affect Greg Mankiw?"

Of course, that's not the question he's really asking, but it sure is fun to phrase it that way! Instead, he's really asking a much more fundamental question: "How will either Barack Obama's or John McCain's tax proposals affect the incentives that those at the top end of the income spectrum have to invest in the U.S. economy?"

That's an important question to answer because even small percentage changes in how much income is taken away from those earning income at these levels represent huge sums of cash. It's the kind of big money that top income...  full article

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