For the simple linear technology in (2), the marginal rate
of transformation between any two goods indexed by [z.
Secondly, although reporting that the threshold for the top bracket would, if indexed over the past thirty years, be much higher, the Age story made no mention that the marginal rate
for that threshold has decreased from 68 cents in the dollar to 47 cents over the same period.
But as Larry Zelenak and Kemper Moreland point out, average rates are less important than marginal rates
when it comes to taxing the rich.
were hiked before the Gulf War and again in 1993 to combat runaway federal deficits.
Again, evidence about the median and maximum marginal rates
also shows a similar pattern.
We really need to lower our marginal rates
,'' says Uhler.
The issue of Pareto optimality arises in this model specifically because consumers base their choices on full costs-both time and money costs-with the result that marginal rates
of substitution are not equated for different individuals (see Kraus, 1979; Borland and Pulsinelli, 1989).
Lackritz noted President Clinton's plan includes an even larger increase in the marginal rates
which would be applied to deficit reduction and not to saving and investment incentives.
With respect to the influence of tax rates on the rate of economic growth, our results for the extended time period (not shown here) tend to confirm Koester and Kormendi's finding that neither average nor marginal rates
Although Congress eliminated the 5% bubble in stated marginal rates
, it created a new bubble as illustrated in Tables 1 and 2.
0 Bcfg and 322,000 barrels of oil and was flowing at marginal rates
before the installation.
For bond market, analysts anticipate a moderation in marginal rates
for the debt re-openings on the back of likely favourable investor sentiment especially against the backdrop of recently rebased GDP as debt to GDP ratio decreased significantly.