Re:Marginal income tax rates for a single California residen...
by philwelch on Wednesday May 12, 2010 @09:33PM
(#1342928)
Thought experiment for the economically minded: Labor has a backwards-bending supply curve. Do heavily progressive tax rates flatten out the backwards bend?
(If this comment makes absolutely no sense to you, see http://en.wikipedia.org/wiki/Backward_bending_supply_curve_o... and http://en.wikipedia.org/wiki/Supply_and_demand for context).