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We explore the interaction between two facts. The first is that income is variable; the second is that the tax and transfer system transforms before tax income into after tax income in highly non-linear ways. The effect is to penalize (and reward) income variability in a manner which is both...
Persistent link: https://www.econbiz.de/10013213460
We explore the interaction between two facts. The first is that income is variable; the second is that the tax and transfer system transforms before tax income into after tax income in highly non-linear ways. The effect is to penalize (and reward) income variability in a manner which is both...
Persistent link: https://www.econbiz.de/10012477938
Persistent link: https://www.econbiz.de/10014417461