This is the opposite of what standard economic theory would predict, which is increases sus. Me decrease marginal tax rates should actually lower pre tax income, but increase after tax income. Yet yheur argument in the book is that this meant that if you could get a rase, you could keep more of it than you would before. Noww when the top tax rate is 82 %? No, of course, you always want to be paid one million more. But you no imagin if, when you get o pay increase of one extra million dollars, your 82% will go straight to the treasury.
Thomas Piketty of the Paris School of Economics and author of Capital in the Twenty-First Century talks to Econtalk host Russ Roberts about the book. The conversation covers some of the key empirical findings of the book along with a discussion of their significance.