Question;1) Who would pay a greater share of special income taxes: employers or workers? Explain, considering the price elasticities of supply and demand for labor. Will the deadweight loss from personal income tax in the U.S. be relatively large or relatively small? How does the price elasticity of supply of labor change for higher income workers as compared to lower income workers? Explain your answers, and then discuss how these considerations should affect U.S. income tax law.
Paper#56275 | Written in 18-Jul-2015Price : $22