High marginal tax rates with inflation worsening their effect through bracket creep did their part.
The argument that high marginal tax rates will discourage economic growth strikes me as pretty compelling.
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Adding on the full 12.4% would effectively take top marginal tax rates above 50%.
In other words, marginal tax rates are just one factor in an options exercise strategy.
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As you can see the actual marginal tax rates are 0, 40.9%, 49% and 57.8%.
Raising marginal tax rates, as Democrats want to do, will slow economic growth and kill jobs.
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Instead, the deal raises marginal tax rates substantially, boosts tax complexity, and offers no spending restraint.
But even moderate income families in California can face marginal tax rates that approach 50%.
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Lower marginal tax rates are the key to providing the necessary incentives for economic growth and prosperity.
Supply sliders remind us of the importance of incentives, especially as they pertain to marginal tax rates.
No, contrary to standard US usage supply side reforms do not mean simply lowering marginal tax rates.
Bush increased actual tax revenue over that collected by President Bill Clinton by cutting marginal tax rates.
Such policies impose higher implicit marginal tax rates on people who save and invest during their working years.
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This would increase marginal tax rates on high earners by 12.4 percentage points, which would devastate economic growth.
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The party is not being asked to raise marginal tax rates in a way that might pervert incentives.
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Cutting marginal tax rates was embraced as enthusiastically by leading Democrats such as Richard Gephardt and Bill Bradley.
Supply-siders believe that permanent cuts in marginal tax rates (particularly on savings and investment) will increase economic growth.
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Too bad Lefty will no longer help educate the lefties on the incentive effects of marginal tax rates.
In the same way, an increase in marginal tax rates leads to less domestic trade or economic activity.
In addition, marginal tax rates do not just affect the incentives of those to which the rates currently apply.
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These deductions avoid marginal tax rates exceeding 100% in a highly progressive system.
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For example a broad definition of income and a few marginal tax rates could do most of the work.
But we generated so much economic growth by cutting marginal tax rates that those deficits were ultimately wiped out.
If President Obama gets his way, marginal tax rates may rise only for those in the highest rate brackets.
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As was demonstrated in the 1970s, even small increases in marginal tax rates have a substantial negative impact on output.
As a result of action taken by the Hoover and Roosevelt administrations, marginal tax rates were raised to over 90%.
The new law penalizes marriage and for many upper-middle income families may boost federal marginal tax rates well above 40%.
This means that workers below and around the poverty line can face some of the country's highest marginal tax rates.
High marginal tax rates will drive businesses out of the United States just as they are being driven out of California.
However, a VAT would result in a smaller increase in marginal tax rates on labor than an income tax rate hike.
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