Microeconomics 13th Edition by Russell Sobel, David Macpherson, Richard Stroup, James Gwartney

تمرين 3

Because the structure of the personal income tax is progressive, a larger share of income is taxed at higher rates as real income increases. Therefore, economic growth automatically results in higher taxes unless offsetting legislative action is taken. Do you think this is an attractive feature of the current tax system? Why or why not?