The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2

-Measures which aim at eliminating the income disparity between the rich and the poor affect incentives to work, innovate, take risks, acquire education, and so on.

Question

The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2
 
-Measures which aim at eliminating the income disparity between the rich and the poor affect incentives to work, innovate, take risks, acquire education, and so on.

Quizplus · Accepted Answer

Incentives to work, innovate, take risks, and acquire education may be affected by measures that aim to eliminate income disparity, as higher taxation for the wealthy may decrease the reward for these efforts.

The Table Given Below Shows the Absolute Tax Amounts Under