The concept of "diminishing marginal utility for money income" is an argument that could be used to justify lower tax rate taxes on higher income individuals.

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The concept of "diminishing marginal utility for money income" suggests that as individuals earn more money, each additional dollar is worth less to them in terms of utility. This principle is often used to justify progressive taxation, where higher income individuals are taxed at higher rates, under the premise that they can afford to contribute more without significant loss to their well-being.

The Concept of "Diminishing Marginal Utility for Money Income" Is