What would be implications of raising marginal tax rates

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Assume you were just hired for an office position at a Fortune 500 firm. You have $500 to spend on your work clothes. You shopping choices are limited to Old Navy, the Gap or Banana Republic, how do you spend your money and why? Analyze your choices vs your peers and explain why they may be similar or different. 2) oprah_curve.mov a) How, according to the Solman video, is the labor supply of most individuals different from the labor supply of a celebrity like Oprah? b) Why does Dan Hamermesh believe there is a limit to how high marginal tax rates can go? c) According to “Great Explanations: The Oprah Curve,” what would be the implications of raising marginal tax rates for the highest tax brackets to 94 percent as they were in 1944? What are the costs and benefits?

Reference no: EM131166663

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