Tax Notes has recently published an article by Arloc Sherman of the Center of Budget and Policy Priorities, (“CBPP”), where the author suggests that policymakers desirous of having a frank and open discussion focused on tax reform and lowering general marginal tax rates should stop exaggerating the effect of marginal tax rates that low income taxpayers face based on allegations of a disincentive to work caused by higher marginal tax rates.

See Arloc Sherman, “CBPP says Marginal Tax Rates are Often Misunderstood,” 2014 Tax Notes Today 141-60 (July 22, 2014).

Posted by Chuba Abaelu,

Associate Editor, Wealth Strategies Journal