Why are income taxes on capital income more powerful than those on labour income?

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Macroeconomics Canada in the Global Environment

ISBN: 978-0321778109

8th edition

Authors: Michael Parkin, Robin Bade

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Question Posted: Dec 19, 2015 05:08 AM

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Why are income taxes on capital income more powerful than those on labour income?

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Given positive inflation what appears to be a moderate tax on interest income dram...View the full answer

Macroeconomics Canada in the Global Environment

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