I Can Afford Higher Taxes. But They’ll Make Me Work Less.
AN important issue dividing the political parties is whether to raise taxes on those earning more than $250,000 a year. Democrats say these taxpayers can afford to chip in a bit more. Republicans say raising taxes on those who already face the highest marginal tax rates will hurt the economy.
So I thought it might be useful to do a case study on one of these high-income taxpayers. Fortunately, I have one handy: me.
As a professor at Harvard and the author of some popular textbooks, I am comfortably in the income range that would be hit by this tax increase. I have been thinking — narcissistically, to be sure — about how higher taxes would affect me. Maybe these thoughts can shed some light on some of the broader policy issues
Read the full article here. Discuss below.
Posted on Oct. 11, 2010
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