December 30, 2013


The Times story, particularly the graphic, suggests that the implicit marginal tax rate some people face under the Affordable Care Act subsidies can sometimes exceed 100 percent. It is hard to believe that the law is so badly written as to have this feature, but that seems to be the implication. -- Prof. Mankiw
Wait. Let me put on my shocked face. ACA Horror Story of the Day Posted by John Kranz at December 30, 2013 6:11 PM

It is hard for, who exactly, to believe?

Posted by: johngalt at December 30, 2013 7:14 PM

I'm gonna go wit' "The Harvard Faculty Lounge."

Governor George W Bush campaigned in 2000 on "tollbooths to the middle class." I believe Mankiw was an advisor on how all these means-tested subsidies pervert incentives and -- added together -- made indomitable marginal rates.

Yet another tragedy of 9/11 is that we never had that conversation.

Posted by: jk at December 30, 2013 7:36 PM | What do you think? [2]