Abstract:
The 1993 increases in marginal tax rates may have been Pareto inferior, in that everyone, rich and poor alike, may have been made worse off. A simple geometrical illustration makes the point.
Keywords:Tax (search for similar items in EconPapers) JEL-codes:H20 (search for similar items in EconPapers) Date: 1994
Ordering information: This journal article can be ordered from Dr. Mary H. Lesser, Department of Economics, Iona College, New Rochelle, NY 10801-1890 http://www.iona.edu/eea/publications/subandmem.htm