For the Capital income tax rate, no matter in short-term or in long-term, it has a negative effect on investment rate and economic growth, so is the accumulated effect.

对资本收入征税，无论在短期还是长期都不利于投资率和经济增长率的提高，长期累积效应为负。

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Weather the income tax influence on saving behavior is positive or negative depends on the net effect of income effect and substitute effect resulted by the tax saving.

所得税对储蓄行为的影响是积极的还是消极的，取决于税收储蓄的收入效应与替代效应的相对大小。

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Such negative effect will be exemplified if financial distress is directly linked to the income of loan managers because the risks of these loans cannot be easily verified.

这种负面影响将表现，假如金融危机有直接联络的贷款司理的收入，由于这些不是随便能够被考证的贷款风险。

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Given the massive inefficiencies the government creates in securing resources from the private sector, there may also be a large negative income effect over wide ranges of stimulus spending.

WSJ: Arthur B. Laffer: Unemployment Benefits Aren't Stimulus

The effect on GDP would be negative, just as it would for proposed expansions of the income-capped refundable Earned Income Tax Credit, and the refundable part of the child credit.

WSJ: Opinion: Corporate Tax Cuts Needed