Tuesday, October 28, 2008

Greg Mankiw on the Presidential Candidate's Marginal Tax Rates

Greg Mankiw has a nifty little post on his blog on how the presidential candidate's tax plans will affect an additional dollar earned were he to work more.

I'm with him:

The bottom line: If you are one of those people out there trying to induce me to do some work for you, there is a good chance I will turn you down. And the likelihood will go up after President Obama puts his tax plan in place. I expect to spend more time playing with my kids. They will be poorer when they grow up, but perhaps they will have a few more happy memories.

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