Income Inequality Question
Posted by gs on Feb 19, 2019; 6:43pm
URL: http://discussion-forum.276.s1.nabble.com/Income-Inequality-Question-tp7615612.html
What would the effects on income inequality of the following changes to the federal taxation system:
1. Raise the federal marginal tax rate in the two highest income tax brackets by 2 percentage points.
2.Increase the federal payroll tax paid by employers by 1 percentage point for any worker the employer pays more than $200,000 in a calendar year.
What would be the pros and cons of such a change and any and all effects it will have on labor supply and demand for labor. Would this work to combat income inequality?