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Do you think taxes influence the choices of people?

Do you think taxes influence the choices of people?

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Yes, taxes greatly influence the choice of people. If a product/service is highly taxed, then people will choose to look at alternatives. On the other hand, if it is lowly taxed then they will prefer it over other options. By influencing incentives, taxes can affect both supply and demand factors. Reducing marginal tax rates on wages and salaries, for example, can induce people to work more. Expanding the earned income tax credit can bring more low-skilled workers into the labor force.

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