Simply stated, people respond to incentives, and this means taxable income falls as tax rates increase.

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No amount of wishing will change the fact that people respond to incentives, for example.

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One of the core ideas in economics is that people respond to incentives.

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Political actors exhibited this same human nature, and any discussion of political institutions had to take seriously our moral and cognitive limitations as well as the fact that people respond to incentives.

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People and businesses respond to incentives.

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Trying to raise birth rates is difficult because people's fertility does not seem to respond much to fiscal incentives.

ECONOMIST: Economics focus