On January 1, 2013 the income tax rate for single taxpayers making more than $400,000 per year increased from 35 percent to 39.6 percent. This tax rise has ________ potential GDP.

Name: On January 1, 2013 the income tax rate for single taxpayers making more than $400,000 per year increased from 35 percent to 39.6 percent. This tax rise has ________ potential GDP.
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The tax rise has decreased potential GDP because it reduces the incentive to work and earn income.

On January 1, 2013 the Income Tax Rate for Single