How would it affect the distribution of income

Reference no: EM131431354

Suppose that the labor supply of married women is very sensitive to the after-tax wage (that is, it is very elastic), whereas the labor supply of men is not. The government proposes to reduce the tax on income earned by married women by 5 percent. and to raise by 15 percent the tax on earnings of married men. How would this tax change affect total tax revenues? How would it affect the distribution of income?

Reference no: EM131431354

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