Unformatted text preview: effect of the substitution on the work, work incentives provided then and the amount is reduced, whole income is used to buy only leisure. Wage subsidy is another form tax earning scheme by the government. Government has reduced rates for it several things like Government Reduced Welfare Benefit, Reduce the tax, while there is an increase in the wage rate but there is a changes in the change of the preferences portrayed. As it has been said tax reduced because the person can utilise and save its earning more and continue the work as it wants to do....
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- Fall '11
- Accounting, Taxation in the United States