Which of these is most influential on your decision to work extra hours at your job the averge tax rate the...
Which of these is most influential on your decision to work extra hours at your job
|
the averge tax rate |
||
|
the total tax bill |
||
|
the marginal tax rate |
||
|
the lump sum tax rate |
Homework Answers
Answer
Option 3
|
the marginal tax rate |
the marginal tax rate is a tax on the extra dollar of income so if the marginal tax rate is very high then the worker will not work and that changes the decisions
the average tax generally not considered in the decision as it is not comparable with the next hour of net income.
and it is the same with total tax and lump-sum taxes.
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