Description of this paper

Suppose you are currently employed.




Suppose you are currently employed. Last year your income rose to $40,000 from;$30,000 a year earlier and your taxes rose to $3300 from $300. This year you do;not expect any change in income from your day job, but you just received $1000;from your aunt, which you have of choice of investing in one of two ways: one;pays 4 percent per year and is taxable at your current marginal tax rate and;the other 3 percent and would not increase your taxes at all. Which should you;pick and what does this example have to do with thinking on the margin


Paper#26365 | Written in 18-Jul-2015

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