Every means tested program also adds to the implicit marginal tax rate. If benefits phase out as you earn more, it is as if you are being taxed at a higher rate.
Here are some more details from 2009, I’m not sure about the situation now. And it’s hard to analyze nationally, because it depends on state and local programs as well.
Every means tested program also adds to the implicit marginal tax rate. If benefits phase out as you earn more, it is as if you are being taxed at a higher rate.
Here are some more details from 2009, I’m not sure about the situation now. And it’s hard to analyze nationally, because it depends on state and local programs as well.