Wednesday, July 14, 2010

For the Teaching Vault: Deadweight Loss

The deadweight loss of Ohio's income tax is LeBron James.*

The deadweight loss of the British Income Tax code is Usain Bolt.

*Incidentally, my first publication was on the state income tax incidence on All Star MLB free agents. Players paid non of the tax.

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Now if LeBron will only die before next January, he will be spared the estate tax, too!

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