In a progressive income tax system (with marginal tax rates increasing as income rises), are charities valued
Question:
In a progressive income tax system (with marginal tax rates increasing as income rises), are charities valued by high income people implicitly favored over charities valued by low income people? Would the same be true if everyone could take a tax credit equal to some fraction k of their charitable contributions?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
Question Posted: